Martin Davis, Openwork CEO, takes stock of a difficult year for advisers and their clients.
The UK economic outlook has officially brightened, but for many people the picture remains a little murky. With house prices falling, financial markets in thrall to macro woes, spending cuts imminent and inflation stubbornly high, it is not difficult to detect the root of their uncertainty. A key question for savers, of course, is where, in this lower growth, low interest rate environment, do they get inflation-beating yield? That High St banks are not the answer is, I think, a message that has hit home – and that bodes well for the advice industry. Our advisers are reporting that cli...
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