Three quarters of advisers will vote against Scottish independence amid fears over the impact of a ‘yes’ vote on their business, according to a survey by Intelliflo.
In a poll of 68 Scottish advisers, 76 per cent said they would vote against independence while 13 per cent would vote for a split from the UK. The rest said they are undecided.
Independence could see Scotland establishing new regulators and a new tax system. In addition, advisers with clients on both sides of the border could have to comply with two sets of rules and even two currencies.
One in four advisers said they would have major concerns about running a profitable business while dealing with any changes required as a result of a ‘yes’ vote in September’s referendum.
57 per cent said their top concern would be extra administration relating to existing clients while 53 per cent said their biggest concern was understanding how the changes would affect their clients.
Advisers can download the full report from Intelliflo here