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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

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  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”.

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