Your IndustryJan 28 2015

Apfa research shows IFAs optimistic about UK economy

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by
Apfa research shows IFAs optimistic about UK economy

Most financial advisers are optimistic about the UK economy in 2015 and 69 per cent of advisers expect an increase in client numbers, according to research from Apfa.

The figures, compiled by NMG Consulting, reveal that more than half – 55 per cent – of financial advisers are optimistic about the economy while just one in seven advisers – 14 per cent – described their outlook as pessimistic.

Chris Hannant, director general of Apfa, said: “Financial advisers are looking to 2015 with a sense of optimism.

“The economy has been in good shape in 2014, and 2015 will bring a number of opportunities for financial advisers with reforms to pensions and long-term care starting in April.”

However, there are issues which needed to be addressed, he said, adding: “There is still uncertainty around the pension guidance guarantee, and how the hand-off to professional financial advice post-April will work.”

Adviser view

Nigel Welch, director of London-based TS Mckenzie, said: “I don’t think the economy will help with the amount of new clients I get, but it will help the clients I have already got.”