IFAs optimistic about protection

Advisers feel relatively more confident about protection than about business overall, according to Legal & General. The provider's Adviser Confidence Index for Q3 2008 showed 45% of advisers expect business to get worse over the next quarter, an increase on 33% in Q2 and 16% in Q1. However, 38% of IFAs, according to the report, predict the protection market to remain steady. Optimists were out in force with 39% expecting protection sales to rise compared with 23% anticipating declines. Regarding the gloomy feelings about business as a whole, the report said that adviser confidence has r...