Adviser confidence in economy lowest for 12 months

The Skandia Adviser Confidence Barometer, released today, showed UK confidence in the global economy has fallen to 4.8 out of 10 in the second quarter of this year, from 5.5 in the first quarter. Confidence in the local economy has fallen to 4.8, from 5.1 in the first quarter. This compares with local economy confidence in Europe of 4.2 out of 10, down from 4.4 last quarter. Similarly advisers in Europe and the UK also reported below average confidence in their local economies compared with advisers in Asia, with those based in Singapore reporting the highest confidence levels with...