A large majority (89%) of financial planners are helping clients increase their equities exposure fearing cash returns “won’t cut it” if interest rates fall again, Wesleyan has found.
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...
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