Almost one-third of intermediary directors think they may have to merge or sell their business in th...
Almost one-third of intermediary directors think they may have to merge or sell their business in the next two years, according to research by Pims.
The group's third online survey of director-level intermediaries found 50% of respondents felt their business had increased in value over the past 12 months, while a quarter of those asked felt it had decreased.
The majority of those asked felt moves by product providers to take a stake in intermediary businesses will compromise the independence of those advisers. In addition, some 80% agreed that the introduction of multi-ties will give product providers the opportunity to distort distribution.
Only 14% of the survey respondents believed the recent Sandler Review has had a significant effect on business. However, 37% believe the significant impact from the proposals is yet to come.
Looking at the state of the FTSE 100, the average estimate of the panel is that it will take more than three years before it returns to the 6,000 level.
The full set of findings of the latest survey can be found at www.pimsforum.com/press/ reports.asp.
Growth driven by platform business
No preferred charging model
To 1,552 families and businesses
HL and Liberty SIPP slowest
Lifetime and annual allowances