Advisers and clients say financial decision-making getting harder

Past five years has seen more and more political and economic uncertainty

Jenna Brown
clock • 2 min read

Both advisers and their clients feel financial decision-making has become harder during the past five years as political and economic uncertainty continues to dominate, research has found.

A report from HSBC Life (UK), The Three I's of Investable Capital, produced with consultancy Technical Connection, showed 69% of advisers said making investment, taxation and financial planning decisions has become "more difficult in the past five years". This was mirrored by clients, with 62% of advised clients stating that financial decision-making has become more challenging. The report blamed both political and economic turbulence as well as tax changes and market volatility. The report went on to analyse the plethora of tax changes from 2022's Autumn Statement and this year's Bud...

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 Tax Planning

Partner Insight: Royal London's Fiona Hanrahan — 'Your top tax year end questions answered'

Partner Insight: Royal London's Fiona Hanrahan — 'Your top tax year end questions answered'

Fiona Hanrahan, Senior Intermediary Development and Technical Manager, Royal London
clock 08 February 2024 • 3 min read
Treasury collects £2bn in 12 weeks as IHT receipts continue to soar

Treasury collects £2bn in 12 weeks as IHT receipts continue to soar

Figure breaks down at £22m a day for the government’s coffers

Hope William-Smith
clock 21 July 2023 • 2 min read
Frozen tax thresholds bite as 55% more pay additional rate 

Frozen tax thresholds bite as 55% more pay additional rate 

Hundreds of thousands dragged into higher paying tax brackets 

Jenna Brown
clock 29 June 2023 • 3 min read