Only 4% of IFAs can profit from recession - report

According to a study conducted by Plimsoll, just 62 firms - 4% - have the business models to turn extreme market conditions to their advantage. Plimsoll says there is the "very real possibility" any one of the 1,341 companies will see their sales fall by as much as 30% in 2009. In addition, the study says survival options are running out for 12% of the entire adviser market as rising debts take hold. According to Plimsoll, 161 companies will struggle to cope as the unprecedented market conditions show little sign of relenting and the UK plunges into a full-blown recession. The findi...