View more on these topics

Clients seeking more protection

Fears of global recession and the threat of international terrorism are affecting consumers&#39 product purchases, according to IFA network IN-Partnership.

The 200-RI network carried out research among its members into how their business has changed since the terrorist attacks in New York on September 11.

According to IN-Partnership, 56 per cent of members have seen increased sales of protection products and lower-risk investments such as bond and investment funds with guarantees.

Sixty per cent of members said their clients are increasingly worried about their financial future, while 58 per cent say their clients believe a global recession is looming.

On-Line Partnership, which trades as IN-Partnership Group, chief executive Kevin McDonagh says: “People have been deeply shaken by recent events and all our research shows the effects of September 11 will be felt for some time.

“Savers are turning to their IFAs for truly independent financial advice. They are being more prudent in their product selection and thoughtful in their deliberations.

“IFAs are a financial shoulder for investors to lean on during good times and bad.”

Recommended

Swell your Income stream

Financial advisers are finding it increasingly difficult to secure adequate income from mortgage advice alone. It is important that they not only expand their client base but also the products they offer.But what is the best way to go about broadening a product portfolio?Expanding into products associated with the mortgage sale gives brokers the opportunity […]

Artemis breaks off New Star talks at last minute

Artemis broke off its acquisition talks with New Star this week over fears a merger would undermine its boutique culture.It pulled out of the reputed £42m deal on Sunday night after concerns grew that the two firms had too great an overlap in their fund ranges and that Artemis&#39 brand and strong reputation would be […]

Product matters

Platform Home Loans&#39 light-averse offering has all the features one would expect in such a mortgage but is probably most suited to discharged bankrupts or borrowers who have been subject to an individual voluntary agreement, since they will least likely be able to obtain a mortgage from a mainstream lender.Many lenders are more willing to […]

Ipswich helps first timers onto the property ladder

Ipswich Building Society is targeting people who are taking their first steps onto the property ladder with its three-year fixed-rate mortgage.This product is aimed solely at first-time buyers and has a fixed rate of 5.29 per cent until March 31, 2005, for loans of up to 95 per cent of valuation. It is only available […]

The death of retirement – a boost for protection?

According to our recent report on the death of retirement, changes in workplace pension provision mean that coming generations of retirees could have a radically different experience of retirement from their parents. The average contribution rate into an old-style final salary pension was around 20% of total wages, the statutory minimum for a new automatic […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com