Client panic ahead of fiscal events such as the Autumn Budget has become worse since the current government came into power, behavioural expert James Woodfall told Professional Adviser.
Industry commentators have cautioned the vast amount of speculation in the lead up to chancellor Rachel Reeves' Autumn Budget has had an impact on client behaviour and has generated uncertainty. The most often pointed to example of this involves rumoured pension tax free cash changes, which resurfaced again this year but have now reportedly been ruled out. Last year, some individuals rushed to make withdrawals. As the 26 November approaches, emotional intelligence expert and former financial planning manager James Woodfall told PA that the psychology from clients tends to be the same ...
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
