Offshore financial adviser confidence has dropped by 14% in Q4 2011, reports research by Skandia International. However, according to Skandia International's Adviser Confidence Barometer report, advisers based in Asia reflect a much more positive mood.
Singapore-based advisers were the most upbeat, whilst advisers in the UK displayed the greatest nervousness. Skandia International reports that respondents from the UK were the only ones to consider the outlook for the global economy as more positive than the shape of their local market; all of the other surveyed advisers displayed a stronger bias towards their local economies. What's worrying at least a third of offshore advisers is the fear of global contagion, which they still perceive to be the greatest economic threat to their local regions. A combined 40% report a belief that ris...
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