The majority of advisers are bullish on the near-term prospects for the markets, with 75% expecting the FTSE to be at a higher level in one year's time, a new survey suggests.
Research by AXA Winterthur found while three quarters are confident on improved market conditions, 60% also believe the economic downturn will last less than 18 months. The survey also found IFA trust in banks has fallen significantly, with 79% saying their faith has decreased in retail banks and 65% reporting falling security in private banks. Confidence in building societies, supermarket banks and mortgage companies has also dipped, but convictions in fund management companies and life insurance groups faired best. "Overall, IFAs are coping admirably with very challenging market cond...
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