The majority of advisers expect business to pick up over the next six months despite the current uncertainty in the financial markets, according to Legal & General.
The results of the firm’s first Adviser Confidence Index suggest 60% of IFAs are optimistic about business inflows, mainly through re-mortgage and protection applications. The study also suggests one in three advisers expect mortgage applications to represent no more than 20% of their business over the next three months, with 70% predicting the base rate will stay the same next month. Stephen Smith, director of housing at L&G, says: “It is somewhat surprising that almost two in three advisers are optimistic about business inflows and that a further 24% of them expect business levels to re...
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