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IFAs say interest rates and indexes will be higher in 2003

IFAs believe both interest rates and the markets will be higher than they stand now at the end of 2003 according to research from Liverpool Victoria.

The survey of 200 IFAs reveals they believe the Bank of England Base Rate will be higher than its current 4 per cent and the FTSE-100 will head upwards from the 3,900 it is at.

Fifty-eight per cent of IFAs believe interest rates will be higher and 42 per cent think the index will be go up as well.

Liverpool Victoria Group director of IFA distribution Rye Mills says: “After such a difficult year in the investment markets it is encouraging to see that the majority of financial advisers are reasonably optimistic about the markets turning the corner in 2003.”

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