IFAs have reported a surge in enquiries, with more than two-thirds (68%) saying that clients wanting to make changes ahead of the Budget is their biggest challenge, Rathbones has found.
The findings from an independent study of 100 peer-group IFAs, commissioned by Rathbones, revealed that 91% of advisers have experienced an increase in client queries. These concerns are primarily focused on the potential reversal of the pension lifetime allowance abolition, possible changes to the pension tax-free lump sum, and inheritance tax. Among IFAs reporting an uptick in client queries ahead of the Budget, nearly a third (31%) have seen a spike of 26–50%, while two-thirds (66%) report an increase of 11–25%. The most common topics raised as areas of concern by clients includ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
