High interest rates cause clients to refrain from investing

A new survey from Morningstar Wealth which polled 108 advisers revealed that 74% said their clients are not investing due to high interest rates and are, opting to move their money into savings accounts instead. This comes after the Bank of England opted to hold rates at 5.25% for the seventh time in a row in June. Meanwhile, a quarter of respondents said people do not want to invest as stock markets are at all all-time highs. The research also found that nearly a fifth of advisers want more information on what the new government means for investment markets to help them keep clien...