Morningstar urges support for advisers amid high interest rates

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 Sanderson pointed to the added pressure on advisers due to outdated platforms and technology, which were struggling to adapt to the current high-interest environment.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...