View more on these topics

Govt red tape biggest issue for IFAs, says Assureweb

Government red tape is a bigger concern than the recession for IFAs, research from Assureweb has found.

Advisers surveyed said increased bureaucracy is the biggest issue which they faced over the next year, with 84 per cent claiming that red tape was a serious concern.

Eighty per cent of advisers said the economic downturn will continue to have an impact on commission levels, with 75 per cent claiming that the housing market slump was a real concern for future business.

The research also found that 37 per cent of advisers feel less confident about their businesses than they did 12 months ago.

Assureweb commercial director Ian Teague, says: “Despite Government talk of green shoots, it appears advisers are less than confident about the next 12 months.

“While the economic downturn has come up time and time again as a serious issue for advisers, it is increased bureaucracy which advisers are most concerned about – not least because it adds even more pressure to advisers, during a time of unprecedented economic uncertainty.”

Recommended

Looking back at 2015

By Fiona Tait, Pensions Specialist 2015 was quite a year for pensions. Change, more change, and proposed changes to the changes. The Spring Budget – pre-election plans With everything that has happened since, it is hard to remember what happened in March. Following on from the bombshell of the 2014 Budget, the Chancellor confined himself […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment