Advisers swept along by economic optimism

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Adviser confidence in the UK economy has increased markedly from a year ago, a survey suggests.

A poll of 299 advisers by data provider Matrix Solutions, which took place at the end of last year, found 78% expect to see an improvement in the UK economy over the next 12 months. The corresponding figure for the previous year, when 400 advisers were asked, was 35%, while it stood at just 7% for 2012. The National Institute of Social and Economic Research (NIESR) this week said the UK economic recovery had become "entrenched" and forecast growth would be an on-track 2.5% this year and 2.1% next year. The proportion of advisers polled in Matrix's latest Voice of the Adviser study ...

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