Two-thirds of advisers recommend property funds

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Nearly two-thirds of financial advisers have recommended commercial property to their clients over the last 18 months.

A Money Marketing survey of 186 advisers shows 63 per cent had recommended property since January 2015.

Since the Brexit vote, property fund giants with assets of over £18bn have moved to stem the outflows sparked by fears over falling property values.

Standard Life Investments, M&G, Columbia Threadneedle, Aberdeen Asset Management, Henderson and Aviva Investors are among those who have imposed temporary “gates” on exiting investors.

As a result, the FCA and the Bank of England are examining ways to restructure property funds to prevent market panic.

Yesterday Money Marketing revealed how advice firms and networks are exposed.