Advisers must shift their focus to life planning in the face of the challenging economic conditions, says the chief executive of Bluefin Advisory Services.
John Simmonds says the UK will be in debt for many years to come, with "serious implications" for all, and argues in the midst of such uncertainty advisers will play a key role in helping clients achieve long-term goals. The challenges facing the UK are unprecedented, he says. "In my 30-year career, I have never had so many conversations with clients who are looking to move abroad - individuals and corporates alike. "The message is clear: conditions in the UK will be tough for some time to come for either private individuals or businesses with significant assets." He adds it is ...
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