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IFAs fear allocation backlash

Almost 60 per cent of IFAs fear regulatory backlash over their asset allocation decisions in the wake of recent stockmarket volatility, new research from MetLife Europe shows.

The survey of 100 advisers shows 41 per cent have plans in place to deal with any potential regulatory problems if their asset allocation advice is challenged but a further 18 per cent of those who have concerns have not taken action to deal with any potential complaints over losses in the wake of steep falls on stockmarkets.

MetLife has launched a series of masterclasses outlining how unit-linked guarantees can help in retirement planning and alleviate some concerns around asset allocation decisions.

Managing director Dominic Grinstead says: “Advisers are concerned that the unprecedented economic events will end in regulatory action against them and it is an understandable fear as it is certainly the case that clients have suffered.”

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