41% of IFAs more stressed after Mini Budget than GFC

The economy found to be causing IFAs stress outside of work too

Ayesha Venkataraman
clock • 2 min read

Two in five advisers have reported feeling generally more stressed at work as a result of the state of the economy and government’s recent Mini Budget than they were during the Great Financial Crisis (GFC) of 2008, according to a new survey by Opinium Research.

Following the government's latest fiscal statement, Opinium Research surveyed 209 advisers between the 30 September and 5 October on the varied impact the government's Mini-Budget on advisers. The survey also found that 34% of advisers reported working more hours, whilst 25% said they were feeling more anxious about the impact of the Mini Budget on their business. Outside of work, 25% of advisers who have been impacted by the Mini Budget said it has caused their mental health to suffer, while 32% reported being unable to see family and friends as often, and 30% said they were unable t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers overlooking younger clients over asset value bias

Advisers overlooking younger clients over asset value bias

'Young people need to have access to trusted advice'

Sahar Nazir
clock 22 March 2024 • 1 min read
Financial advice crucial as near-term challenges remain

Financial advice crucial as near-term challenges remain

'A good IFA has rarely been more valuable'

Ahmed Bawa
clock 22 March 2024 • 4 min read
Feel Good Friday: Influencers back financial charity's campaign

Feel Good Friday: Influencers back financial charity's campaign

Financial influencers to support MyBnk’s Global Money Week campaign

Professional Adviser
clock 22 March 2024 • 1 min read