Average Financial Services Salaries in the UK 2020

Everything you need to know about financial services salaries, helping you benchmark your salary, whether negotiating your pay or advancing your career.

We’re providing you the very latest information on average financial services salaries and trends impacting remuneration. Whether you’re a paraplanner or mortgage advisor, our salary research is based on industry trends and the thousands of recruitment and job searches performed each year. We hope to provide you the information you need to negotiate your salary or land a new job.

Pay within the investment and wealth management industry has experienced rapid change brought on by uncertainty in the job market, rumours of offshoring banking in response to Brexit, shifting investor preferences, a tide of regulatory change and ongoing technological advancements impacting employers’ hiring plans. Fears over Brexit have prompted many firms to expedite their hiring to fill critical permanent hires, with what was previously a reliance on contract or contract-to-perm roles being brought into the firm on a full-time basis. While employers still report challenges in finding staff to fill niche roles, movement exists, with more hiring overall motivating finance professionals to consider new staff. As companies struggle to retain staff, candidates who demonstrate their value will find themselves in an advantageous position when negotiating their salary. We’re bringing you the latest in financial services salaries, keeping you informed about trends and factors that can impact your career.


Finance administrator salaries are on the rise, with pay for financial planning administration manager and IFA administrator roles seeing above-average gains. Candidates looking to advance their IFA administration careers are finding a buoyant market with plenty of opportunity.



Paraplanner salaries are increasing in response to strong employer demand, with those in possession of a level 4 diploma seeing the strongest gains. Paraplanning managers who are experience in recruiting and managing staff are seeing strong job prospects.


Financial Advisers

Financial advisors are seeing strong salary prospects as companies struggle to find candidates with the ability to maintain and grow a solid book of business. Financial advisor salaries are increasing throughout London as well as the rest of the UK.



Financial Planning Analyst

Financial market volatility is prompting increased hiring of financial planning analysts as firms seek to perform and leverage additional analysis to manage fund performance. This is resulting in higher salaries for financial planning analysts, with more experienced and tenured professionals commanding higher-than-average remuneration.


IFA Sales Manager

IFA sales managers are seeing salary increases, with those based in London earning as much as 30-35% higher salaries than in the rest of the UK. This has prompted many candidates to turn their careers towards London, making it more challenging for regional firms to keep pace. Many companies are offsetting IFA sales manager salaries with enhanced benefits to lure candidates away from the Capital.



Pensions administrator salaries are on the rise, with companies offering enhanced compensation for candidates with strong analytical and communication capabilities. As the digitalisation of the industry prompts additional technology and data opportunities, prospects for pensions administrators will increase as companies look to glean strategic insight and decision making.


Employee Benefits Administrator

Companies looking to attract and retain staff are enhancing their benefits packages, resulting in more complex offerings requiring deeper knowledge and regulatory expertise. Salaries for employee benefits administrators are therefore increasing to meet demand.


Mortgage Finance

A complex mortgage market with ongoing regulatory and technological change is prompting additional hiring of skilled mortgage administrators and brokers. As a result, mortgage advisor salaries are on the rise and are seeing strong year-on-year gains across the UK.



The rise in financial regulation over the past several years has created increased opportunities for compliance professionals, particularly new entrants to the industry who had previously not considered compliance as a career path. Demand persists and a shortage of talent at the senior level, coupled with responsibilities under the Senior Managers Compliance Regime has resulted in increased salaries, with more modest gains for less experienced staff.


Learning and Development

Learning and development has become a more appealing career path as many firms that previously outsourced their training programmes are bringing these roles in house. While we haven’t seen huge gains in learning and development salaries, there is steady demand for talent as companies realise the commercial benefit in both developing and retaining their employees.


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