View more on these topics

Investors browse net but aren&#39t buying yet

More than two-thirds of investors prefer to use the Internet to browse ratherthan buy according to a Bristol-based IFA.

In a survey of 4,000 of its clients, Falcon Group found they would rather make investment purchases by other means – with advice from an IFA coming out on top with58 per cent.

Falcon&#39s own newsletter was placed second at 19 per cent. Direct mailing was third at 17.6 per cent.

The majority of investors want to use the internet asa source of information only.

Only 24 per cent say they would be happy buying online although 40 per cent have access to the internet anda further 21 per cent plan to go online in the near future.

Investors use the internet most often to find information about Isas, with 23 per cent logging on for this reason. Unit trusts and investment trusts were also popular at 17 and 16 per cent respectively. Only 7 per cent said they would use the internet to get information on life insurance.

Managing director Julian Telling says: “The surveyclearly shows that, while the internet has an increasingly important role to play in the financial services industry, investors continue to need professional advice from IFAs.”

Recommended

Mortgage lending falls dramatically in April

New mortgage lending by building societies fell by almost half last month to £1.78bn from £3.39bn in March.The figures released by the Building Societies Association fuel speculation that the housing market in the UK may have peaked. The Council of Mortgage Lenders confirms this downturn, reporting that total UK mortgage industry loans dipped to £6.6bn […]

Panorama panic set to bring floodof surrenders

The BBC&#39s Panorama Mortgage Timebomb programme is set to spark its own endowment scandal.The Monday programme has been roundly criticised for its portrayal of IFAs and forconfusing the issue of churn-ing by rogue agents and a shortfall in endowment payments caused by economic conditions.Now Absolute AssignedPolicies chief executive LeePortnoi predicts the programme will provoke a […]

Stock exchange merger comes under fire

The London-Frankfurt stock exchange merger may be put on hold after representatives of both parties have expressed reservations about aspects of the deal, the BBC reports.Last week, Deutsche Borse supervisory officials, German regional government representatives and German Central Bank officials all publicly said they have problems with the merger.One of the main complaints from the […]

Julian Gibbs

London Pacific Assurance is the new insurance subsidiary of the Jersey-based financial services group London Pacific Group.It is the biggest listed company incorporated in Jersey and is also listed on the London and New York stock exchanges. It is regulated by the Jersey Financial Services Commission.It has recently launched a guaranteed return bond, paying 7.4 […]

Health - thumbnail

Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment