Concerned consumers are scrutinising their investment portfolios to eke out the most from their savings in the credit squeeze, fuelling the need for adviser advice, according to AXA.
The firm's research found three quarters of IFAs are undertaking client reviews as a result of the credit crunch. Nearly 90% of consumers have felt some impact from the credit crunch leading to 40% of wealthier consumers reviewing their investments. AXA believes it is a 'timely opportunity' for advisers to help clients make decisions on how to spread risk, make changes to investment portfolios and assess the financial strength and security of the companies they recommend. Nearly two thirds of advisers see buying opportunities for clients, while two fifths of IFAs are reassessing provi...
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