Janette Weir looks at the challenges facing advisers in the current economic conditions
Times are certainly tough for IFAs at the moment. The last few months have brewed the perfect storm of a decimated housing market, a volatile stock market, previously unassailable financial brands being shaken to their core, a looming global recession and rising prices. Even the great economist JK Galbraith who famously said that "the only function of economic forecasting is to make astrology look respectable" could not disagree that the next few years look gloomy to say the least. The question for many IFAs is how they will weather the current economic conditions. We believe the impact o...
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