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Advisers confident despite volatility

Over half of financial advisers are confident that this year will turn out to be good for business despite the market volatility.

Teamspirit’s Hopes and Fears Influence research shows that 58 per cent of advisers have an optimistic outlook.

Sixty-three per cent say that the health of the UK economy is their biggest concern, with regulation and new business generation as the next biggest worries.

The research, which surveyed 200 financial advisers, shows that 43 per cent of advisers fear the retail distribution review will have a negative impact upon business but 70 per cent intend to adopt the professional financial planner model.

Over three out of five advisers believe that the treating customers fairly requirement will have a helpful influence on their business.

Just over half of advisers consider retirement solutions and Sipps to be areas that will see most growth, followed closely by protection and mortgage advice.

Teamspirit chief executive Joanne Parker says: “It is encouraging to hear that the independent sector is confident about its future despite the anticipated recession.

“Our research shows that the role of a advice is ever more in demand when we are faced with difficult economic times.”


Interest-only could be concern if markets tighten

Abbey says it will keep its interest-only mortgage book under close scrutiny in the coming months.Deputy chief risk officer Iain Laing told delegates that its interest-only book is performing well but the situation might worsen in an environment of falling house prices and tighter credit conditions.He said: “It is an area we have got under […]

Threadneedle takes its brand to the US

London-based asset manager Threadneedle is to expand its presence into the US market. Threadneedle will launch in the US through RiverSource Investments, of which it is already an affiliated sub-adviser. It currently runs four RiverSource mutual funds that will be re-branded Threadneedle, clearly differentiating its products from RiverSource domestic fund offerings. The four funds are […]

Crunch time

This week has seen seven of the biggest UK mortgage distributors joining forces to call on mortgage brokers to understand and make allowances for the huge strain the credit crunch is placing on lenders.


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