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Chancellor berated for &#39poor&#39 job on finance policy

In the increasingly difficult climate for the industry, dispirited advisers have slammed Gordon Brown and the Government&#39s financial services policy.

According to the survey, IFAs have become increasingly disillusioned with Brown in the past year, with 88 per cent believing that the Chancellor has not done a good job in establishing a favourable climate for private savers and investors. This is a 15 per cent increase on last year&#39s survey.

Eighty-nine per cent said they rated the Government&#39s running of financial services policy as poor or not very good – a 6 per cent increase on last year&#39s survey findings.

This year&#39s survey also found that 77 per cent of advisers believe they have been unfairly treated by the FSA in the last year.

Chase de Vere Investments investor services manager Nicki Foster says: “I am not surprised by the results. Advisers are looking for certainty in the future but because there have been so many consultation papers in the last year, there are still too many balls up in the air. The Government has thrown more uncertainty at savers.”

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