IFA guide to beating recession launched

The pack offers tips on how to cut costs, maintain profit margins, diversify client bases and improve client communication. J.P.Morgan says the credit crunch has simply added to existing pressures on UK advisers through the Retail Distribution Review (RDR) and proposals to increase firms' capital adequacy requirements. It points to research conducted by business analysts Plimsoll in November last year which suggested that, of the 1,341 IFA firms it surveyed across the UK, more than 160 would struggle to see out a recession. "We recognise advisory firms are the lifeblood of our industr...