Firms within the sector are also changing due to competition, M&A activity, heightened regulatory scrutiny, changing customer expectations, the need to invest in technology, and a talent shortage, which all impact decisions about the future of their firms.
Wealth management services, financial advice and financial planning are part of a diverse financial market within the UK, and there is a general expectation that it will continue to grow as it looks to utilise innovative thinking to provide new services and integrate digital and human capabilities to offer targeted, self-service products and personalised investment advice.
Our industry helps people navigate the difficult financial decisions needed throughout the various stages of their life. These professionals provide valuable expertise and support for people to better understand the financial decisions before them and help tailor solutions specifically to their needs and circumstances.
Through advice, execution or discretionary services our industry helps individuals achieve the goals that are important to them, be it saving for retirement, being able to support their family or a myriad of other things.
1.65TB
The sector currently looks after £1.65+ trillion
in private savings and
investments
63,000
Over 63,000 people
employed
92%
92% of financial advice professionals are confident in their firm's ability to deliver good value for money
Find a Firm
If you are thinking about investing in financial instruments or seeking financial advice you can use our ‘Find a Firm’ service to search for a PIMFA member firm.
PIMFA’s Golden Rules of Investment
Read PIMFA's infographic on the Golden Rules of Investment.
Protecting Investments
The UK wealth and advice sector is one of the leading global financial services centres and plays a pivotal role in the financial wellbeing of an increasingly wide range of customers.
Think you may have mislaid your investments?’
Use this free tool to search for lost accounts, pensions and investments. Find everything from your first bank account to your forgotten shares.
Frequently Asked Questions
This page contains frequently asked questions about the savings and investment industry.
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Financial Crime
Protecting against activities like fraud, money laundering, and market abuse, threatening financial system integrity and consumer protection.
The Economic Crime and Corporate Transparency Act 2023 (ECCTA) is a major piece of UK legislation that received Royal Assent in October 2023, aimed at preventing the abuse of corporate structures and strengthening the fight against economic crime. It builds upon the earlier Economic Crime (Transparency and Enforcement) Act 2022. In collaboration with Macfarlanes, this ten-page practical guide aims to raise awareness of the ECCTA information sharing gateways, provide clear, practical explanations of how the provisions operate and give firms the confidence to use them appropriately and proportionately.
