'Park your own beliefs about money': Adviser tips on helping clients deal with the recession

This morning (12 August), the Office for National Statistics (ONS) confirmed the UK is in a recession, as GDP figures showed a record 20.4% contraction in Q2. The data followed a more modest decline of 2.2% in Q1, leaving the UK economy more than a fifth - 22.1% - smaller than it was at the end of 2019. Morgan said it is important to understand the client's own behaviours and to be self-aware when giving them advice. She said advisers should understand their clients will have their own beliefs about money which will affect how they respond to a drop in the market, for example. "One of...