Brokers working more hours than average UK employee

Jessica Nangle

July 7, 2017

Nearly half of brokers (47%) in the property and asset finance field work almost 13 hours more than the average UK employee.

A survey by United Trust Bank (UTB) has shown that brokers in those fields are often working over 50 hours a week.

The Office of National Statistics suggest the average working week for a full-time UK employee between February and April this year was 37.5 hours.

Q&A with Martin Stewart of The Adviser Alliance

The survey also showed that a third (33%) are working extra hours are being devoted to tasks that don’t drive revenue including regulation, accounting and infrastructure.

Harley Kagan, group managing director of United Trust Bank, said: “Brokers are working harder than ever to help their clients source and secure the funds they need to invest and grow.

“At UTB we’ve also had a busy first half of 2017 and we’re no strangers to long hours ourselves.

“Our aim is to continue to be a reliable and efficient lender helping broker partners to work smarter not harder.”

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  • Arron – Temple Capital

    What should also be considered is that many self employed are working those hours over a 6-7 day week, they do not have lunch hours and will only take 1-2 weeks holidays per year.