Morningstar urges support for advisers amid high interest rates

Morningstar’s Sanderson: ‘Industry is not good at supporting advisers’

Sahar Nazir
clock • 2 min read

Financial advisers need support to help keep their clients invested, especially during high interest rate periods to maximise their long-term returns, according to Morningstar Wealth.

Speaking exclusively to Professional Adviser, Morningstar Wealth UK & international managing director Mark Sanderson explained that more than 70% of advisers reported that high interest rates were leading their clients to favour savings accounts over market investments. Sanderson pointed to the added pressure on advisers due to outdated platforms and technology, which were struggling to adapt to the current high-interest environment. "The industry is not good at supporting advisers. At Morningstar, we are trying to define what an adviser's role is," he said. "A lot of advisers have...

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 Your profession

Tessa Lee: The invisible cost of poor client data

Tessa Lee: The invisible cost of poor client data

How can you improve data quality?

Tessa Lee
clock 23 July 2026 • 4 min read
Dean Proctor: Hopes and fears for the new PM and cabinet

Dean Proctor: Hopes and fears for the new PM and cabinet

Stability, simplicity and the chance to do things differently

Dean Proctor
clock 23 July 2026 • 5 min read
Should spousal maintenance be abolished? A modern perspective

Should spousal maintenance be abolished? A modern perspective

Making the case for abolition and retention

Amy Walpole and Karen Brennan
clock 22 July 2026 • 4 min read