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.”