One out of three IFAs have witnessed their ISA business drop by half or more this year as a reaction...
One out of three IFAs have witnessed their ISA business drop by half or more this year as a reaction to market instability, according to a poll commissioned by the AITC and IFA Promotion. According to the poll, questioning 150 IFAs, only 13% are recommending equity growth funds to their clients and more than 30% of IFAs prefer gilts and bonds. In addition, clients who are still investing in the stock market are predominantly opting for UK funds. However, almost a third of IFAs applaud equity income, as the sector has maintained its attraction. This is partly because inve...
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