IFA confidence hit by stock market falls

One in five IFAs believe stock market falls experienced this year are merely isolated incidents, says a survey commissioned by Witan Investment Trust. A study of 100 financial advisers suggests declining markets are taking their toll on intermediary firms as 52% of respondents now claim to be more cynical of markets than they were before, and 80% do not expect markets to improve before mid 2003. Almost one quarter (24%) still argue the stock markets are the best way to grow wealth, but the impact of continuous losses means at least 68% of advisers have seen less than 10% of their ...