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Aviva: Advisers say income will rise but profits may drop

Aviva-Sign-700x450.jpg

Around 60 per cent of advisers are expecting their income to increase over the next 12 months but 52 per cent are worried about remaining profitable, according to Aviva research.

According to a survey of 982 advisers, 40 per cent expect their client bank to increase, while 44 per cent are concerned about regulatory costs and professional indemnity insurance.

Advisers see execution-only propositions as the biggest threat to their business, with 43 per cent saying they are concerned about losing clients to the DIY market.

Aviva director of intermediary Andy Beswick says: “I think what we are seeing here is that advisers are cautiously optimistic about the financial services sector in the post-RDR world.

“Concerns about remaining profitable may come down to worries about the impact of regulatory fees and levies.”

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Value remains within European equities

By Rob Burnett, Neptune European Opportunities Fund

In recent months, investors have become more pessimistic about both the European and the US economic outlook and yet stockmarkets have pushed on to new highs. Some would argue that this is a worrying divergence. We would take the opposite view. This appears to be classic bull market behaviour. A wall of worry has been rebuilt, and stockmarket resilience should be taken as a sign of strength. The market is discounting an improving economic outlook ahead, particularly in the south of Europe.

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. Goldfinger D Megabucks 17th April 2013 at 12:13 pm

    Aviva, just so you know,

    The saying goes –

    Turnover for show ! Profit for dough !!!!!!

  2. Another version…

    Turnover is vanity, profit is sanity

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