IFAs say Trump's tariffs are deterring clients from investing

Data from the firm's IFA barometer has found that 78% of IFAs believe the 10% baseline tariff Trump has imposed on imports from countries across the world, including the UK, will make clients less likely to invest. As a result of the tariffs announced by the US administration, 27% of IFAs think that clients are likely to move their money into cash, 30% think they will invest less than usual and 40% expect to see an uptick in those seeking financial advice. Meanwhile, only 18% of IFAs think that the US presents the best buying opportunities for clients, down from 40% in December 2024. ...