Almost nine out of ten (87pc) financial advisers believe that the period of market turbulence will persist for the next few months, according to research undertaken by LV=. The poll of 250 financial advisers also revealed that under a third (31pc) believed that equity markets will rise over the next year, while 36pc have advised clients against taking on more equity-based investments, for the time being.
On the positive side, and despite the lack of market confidence, investments are set to remain a core part of advisers' business in the medium term. Eight out of ten (79pc) expect investments to form an increasingly important part of their business over the next five years. Ray Chinn, head of pensions at LV=, said: "The FSA has already hinted that there could be tough times ahead over the coming year, as the true effects of the global credit crisis strengthens. With this in mind, it is not surprising that so many financial advisers believe the next few months will be unstable, and that eq...
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