Just 8% of advisers back Labour
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Only 8 per cent of IFAs are backing Labour, less than half the number supporting the Lib- Dems, with the Conservatives top choice by an overwhelming margin, according to the latest Money Marketing/YouGov poll.
The benchmark survey of 283 advisers, carried out from April 16-27, shows that 51 per cent of advisers intend to vote Conservative while 19 per cent would vote LibDem.
Labour’s popularity among IFAs has fallen sharply since the 2005 election, when a pre-election Money Marketing poll showed that 21 per cent would vote Labour.
Support for the Tories has risen slightly from 47 per cent in 2005 and the LibDems, which had 20 per cent of the votes ahead of the last election, have remained steady. Asked if a hung Parliament would damage the UK economy, 63 per cent agreed or agreed strongly, 17 per cent
disagreed or disagreed strongly and 17 per cent neither agreed nor disagreed.
Sixty-nine per cent support Conservative plans to scrap the FSA in favour of a consumer protection agency while 20 per cent are against the plans.
Baronworth director Colin Jackson says: “It is no surprise that Labour’s popularity among IFAs is so low. It has had a negative impact on pensions, it failed in its handling of the banking crisis and it has done nothing to help savers other than to raise the Isa limit.”
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Readers' comments (23)
Harry | 6 May 2010 9:07 am
8% still backing Labour? Are they sane?
Must be the loonies with a few old exams still living in the past!
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How funny!! | 6 May 2010 10:04 am
8% ... 8%?? 8% too many!!
Are these IFAs who have been living in cardboard boxes for the last 12yrs??
Wakey, wakey!!
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John Morgan | 6 May 2010 10:06 am
Bearing in mind the level of government interference within the industry since 1997 I'm staggered that support for Labour is as high as 8%.
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Bob | 6 May 2010 10:07 am
Only those on benefits, in prison, or those that support Labour like they are a football team will vote for them.
You would expect advisers to be reasonably dynamic in their views as a result of being in this industry, but clearly there are some die hards - supporting their favourite like it's X-Factor.
...an previous Labour voter...
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Mark | 6 May 2010 10:13 am
51% support Tories?!
No wonder most of the public don't trust the financial services sector. :-(
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Derek hallas | 6 May 2010 10:13 am
Doesn't anyone read your blogs. The Tories are bad for the Financial Services Industry. Are these voters people at the top level in banking bitter by the backlash on bonuses and the crap that they have put us into? It is obvious the Lib Dems will bring stability or even better let us have a hung parliament for the forseeable time.
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Graham | 6 May 2010 10:13 am
Anyone in our business who is still backing Labour need their heads testing. They are obviously out of touch with what has and still is going on with this Government, the most disreputable bunch of amateurs we have had to endure since the 1920s, who have brought our country to its knees with the economic controls and policies of a 3rd world dictatorship.
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Brian | 6 May 2010 10:17 am
Who said the turkey would not vote for Christmas?
8% of IFAs are still backing Labour, it takes all sorts.
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Graeme Urwin | 6 May 2010 10:23 am
I always remember a quote from years ago, after growing up in a socialist area.
Cant remember who said it but it was about communiists/socialists saying:
''I have nothing and would like to share it with you. Now what have you got?"
Coming from a pitmen family, 100 years ago I would have been a Labour voter, with good reason.
Now its just plain madness. But as they say, pin a red rosette on a monkey ......
Hey ho.
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Anonymous | 6 May 2010 10:26 am
Actually I remember the abolition of compulsory membership of occupation pensions, giving everyon ethe choice to wreck their retirement plans. Giving everyone the choice to buy their council home, wether or not they had the nouse to understand the implications. I remember interest rates rising to as high as 21%. I remember Margaret Thatchers government teklling people that if was good to be unemployed because it would help the country. Sounds scarily like a new tory government! Don't you remember these things. Short memories eh!
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