Adviser confidence dwindles

Adviser optimism is down due to the credit crunch, according to the latest research conducted by Legal & General. The Adviser Confidence Index revealed a change in intermediaries' attitudes over the last three months. Stephen Smith, director of housing at the provider, said the report showed a marked difference in sentiment with a 50% drop in advisers predicting better sales next month and far more saying protection business will be flat or worse than in the previous quarter. Key findings showed the proportion of advisers saying business will be better over the next quarter has almost h...