Advisers predict business volumes will still be in the red in 12 months' time, a FundsNetwork study suggests.
According to the platform's first Adviser Sentiment Index (ASI), respondents expect levels to markedly improve in 2009 but claim the latest round of economic turmoil will keep volumes in the negative.
Conversely, advisers asked the same questions three months ago said business levels would move into the black by September 2009.
"The first findings reveal an interesting snapshot of how the credit crunch and current economic situation in the UK may or may not be affecting advisers," David Dalton-Brown, head of FundsNetwork says.
"Part of the analysis was completed before the recent market turmoil and one three months later, so it is interesting to see how the index has already changed."
FundsNetwork's ASI tracks the experience of UK advisers on recent business volumes and their forecasts for the coming months.
The quarterly report shows advisers recorded an average -1.11 slump in business levels in September, which then fell to -1.53 this month.
Elsewhere, the ASI suggests adviser experiences differ depending on where they focus their business. Those that specialise in pensions, for example, have seen only a marginal decline below normal over the last three months, while advisers who focus on investments and IHT have seen the largest decline.
Geography is also playing its part, the ASI suggests. This quarter's results show on average advisers based in East Anglia have seen less of a decline in business, while those based in Northern Ireland have seen the biggest decline over the last six months.
Contact: Scott Sinclair, News Editor, 020 7484 9791 - [email protected]IFAonline
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