Advisers say 'cash returns don't cut it' as equity exposure soars

The mutual's latest poll of advisers found almost three quarters (73%) have already helped all or most of their clients to increase equities exposure. Head of intermediary distribution Nick Henshaw said: "The scale and speed of future rate reductions is far from certain, as external headwinds beyond just the rate of UK inflation are still in play." Almost half (45%) of respondents said they were using smoothed funds to achieve more equity exposure – an option Henshaw said provided a solid "middle ground" for clients looking to re-engage with equities. A total 43% of surveyed advise...