NEARLY one in three (29pc) IFAs expects to see clients saving less into their pensions this year as stock market volatility and the credit crunch hit home, according to research from MetLife.
The research also showed that the average predicted reduction in pension investment is a substantial 21pc. MetLife analysis shows that the FTSE-100 has lost around 7.6pc since the start of the year, and at one stage in mid-March, it was more than 16pc down on its 2008 starting level of 6,456.9. Dominic Grinstead, strategic development and marketing director at MetLife, said: "Stock market volatility has been one of the biggest concerns in the past year with the impact of the credit crunch beginning in 2007 adding to the pressure on people's finances. "It is worrying that nearly one in...
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