Pay pressure - what does it mean for your business?

Morning brokers

This morning the ONS has released its latest pay data, showing that wages in the three months to November increased at their highest rate outside of the pandemic. Despite this, they are still failing to keep pace with inflation.

How are you handling pay increases at your brokerages? Have staff - both advisers and non-advisers - been requesting a bump in salary?

And is the situation with pay having any impact on your future plans for the business, for example around recruitment and expansion?

All thoughts very welcome!