A study carried out before the collapse of structured products plan manager Keydata found advisers consider the investments the best option for income seekers in today's market.
Almost 30% of respondents to the Virgin Money survey selected SPs as their first choice for cautious investors looking for income from a lump sum over five years.
Just over two tenths opted for corporate bonds, while another 15% selected bank and building society accounts, the Virgin Money Investor Intentions' Index concludes.
Traditional UK income funds were chosen by just 9% of advisers with investment bonds the most popular for 11%.
"Structured products are seen as the best bet for income despite the Lehman Brothers disaster last year and concerns over investors' cash," Virgin Money spokesman Grant Bather says. "The Keydata collapse will be a major test for the market and advisers' confidence."
Elsewhere, the study suggests advisers are beginning to feel more confident about re-entering the market.
Almost 80% of advisers are now recommending UK shares to clients compared with just 57% in February. Meanwhile, eight of the ten sectors monitored by Virgin Money showed increases over the previous quarter, with just cash and bonds seeing a drop.
"IFA confidence is on the rise and our index suggests that investors should now start to move away from the poor returns, but relative security, of cash in favour of better returns in other sectors," Bather adds.
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