Research highlights adviser distaste for with-profits

Worryingly for with-profits providers, a quarter of 201 IFAs questioned said they take a "very negative" view on the investments. Jeremy Leach, managing director at MPL, blamed this on several years of poor returns, exacerbated by recent months of general market turbulence. "With-profits was once a major consideration in the advice offered by IFAs but now it is rapidly becoming a dead duck," he said. "Our research shows that only 19pc of IFAs are now proactively recommending with-profits investments to their clients. But it is not that investors have lost their appetite for the stead...