Brokers have "heads in the sand" around succession, says Aviva's Bayles

A businessman with his head in the sand

Only 13% of brokers have a succession plan in place, according to research by Aviva.

Aviva managing director of UK intermediaries Phil Bayles said it was concerning that some brokers “have got their heads in the sand around succession”.

He noted that the survey also showed that 9% of brokers expected to leave the industry within the next 12 months.

“If you want a happy succession with a financial benefit for you but which also looks after the legacy that you’ve created you need to plan for it

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