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Half of advisers say they are not getting enough fund details

Half of advisers say information distributed by fund managers in the current climate lacks enough detail for them to advise clients properly, says a Centaur YouGov survey.

Fifty-one per cent of advisers say in recent months they have not had enough infor-mation from fund managers while 41 per cent say that they are satisfied with com-munications.

The research also highlighted a vast discrepancy between what advisers and their clients think is the best investment strategy during the current market turmoil.

Seventy-nine per cent of advisers say that they have clients who are considering cashing in equities and 96 per cent of these advisers are trying to dissuade them from doing so.

Eighty-nine per cent of advisers believe that offshore bond providers are responsible for checking the suitability of deposit accounts within their bond. Only 6 per cent say it is not their job.

Philip J Milton and Company managing director Philip Milton says: “Some fund managers are better than others at providing the required information but if advisers are not happy, they should go out and look for information.”

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