Half of IFAs believe their clients will be worse off this year as inflation and cost of living increases continue to bite, according to research.
Figures from Opinium Research said more than three-quarters of the 209 advisers it surveyed in January thought high inflation and the cost of living crisis would have the biggest impact on their clients this year. It comes as the Bank of England is predicted to raise interest rates for the tenth time in a row - and to their highest level since 2008 - later this week. Other factors that advisers felt could affect client outcomes included market volatility impacting returns from investments (49%) and uncertainty in the housing market and with mortgage rates (39%). The research also f...
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