Only 8 per cent of IFAs are backing Labour, less than half the number supporting the Lib- Dems, with the Conservatives top choice by an overwhelming margin, according to the latest Money Marketing/YouGov poll.
The benchmark survey of 283 advisers, carried out from April 16-27, shows that 51 per cent of advisers intend to vote Conservative while 19 per cent would vote LibDem.
Labour’s popularity among IFAs has fallen sharply since the 2005 election, when a pre-election Money Marketing poll showed that 21 per cent would vote Labour.
Support for the Tories has risen slightly from 47 per cent in 2005 and the LibDems, which had 20 per cent of the votes ahead of the last election, have remained steady. Asked if a hung Parliament would damage the UK economy, 63 per cent agreed or agreed strongly, 17 per cent
disagreed or disagreed strongly and 17 per cent neither agreed nor disagreed.
Sixty-nine per cent support Conservative plans to scrap the FSA in favour of a consumer protection agency while 20 per cent are against the plans.
Baronworth director Colin Jackson says: “It is no surprise that Labour’s popularity among IFAs is so low. It has had a negative impact on pensions, it failed in its handling of the banking crisis and it has done nothing to help savers other than to raise the Isa limit.”