Only third of advisers see a with-profits future

A survey of more than 300 advisers carried out by FundsNetwork reveals out of the 90% who have at some point recommended a with-profits bond, around 49% have lost faith with the product type and have stopped recommending them to clients. In addition, a further 25% of advisers expect to transfer more than 75% of their with-profits business out of the policies within the next two to three years, while 42% believe they are legacy investments which have no place in the current investment environment. However, according to FundsNetwork not all advisers are so negative, with a third of resp...