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MetLife says advisers fear FSA action over investment decisions

Almost 60 per cent of IFAs fear regulatory backlash over their asset allocation decisions in the wake of recent stock market volatility, new research from MetLife Europe shows.

The survey of advisers shows 41 per cent have plans in place to deal with any potential regulatory problems if their asset allocation advice is challenged.

However 18 per cent have not taken action to deal with any potential complaints over losses in the wake of steep falls on stock markets.

MetLife has launched a series of masterclasses across the country outlining how unit-linked guarantees can help in retirement planning and alleviate some concerns around the asset allocation decisions.

Managing director Dominic Grinstead says: “Advisers are genuinely concerned that the unprecedented economic events of the past year will end in regulatory action against them and it is an understandable fear as it is certainly the case that clients have suffered.

“Providers need to do more to work with advisers to ensure that clients receive the best possible advice and that advisers are protected. Guaranteed products have a major role to play.”

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