View more on these topics

Majority of Scottish advisers want to stay in UK

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


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. This is a very interesting article and if I was and adviser in Scotland with clients south of the border after a Yes voteI would have been thinking seriously of commercial potential of transferring clients to a “southern adviser”. I am sure there could be mileage in it for both parties concerned.
    From a regulatory point of view it could be a very exciting time as they would have the chance to dump the heap of crap we currently have and start from a clean sheet. It really could be a chance to create a competent regulator which actually works totally with their industry to guid a world class centre for our profession.If it does turn into a yeas vote then it could be just what the doctor ordered to fix a very broken, fragmented system that has not done anything here in the past but react to events after they occurred and use draconian measures to try to put things right. Good luck to them if it is a “yes”.

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm