A survey1 of over 200 financial advisers, by unbiased.co.uk, the professional advice website, reveals that investors are currently more concerned about the impact of economic uncertainty in the eurozone on their investment portfolio than the outlook for the UK economy.
Even before the recent focus on Cyprus, one in four (25%) financial advisers believes their clients are most concerned about the impact of economic turmoil in the eurozone on their investments. For others, the threat of a triple-dip recession continues to cause concern with one in five (18%) financial advisers citing this as the number one worry for investors. One in five (18%) financial advisers believes that their clients are more concerned about rising inflation shrinking the real value of their portfolio.
While investors remain concerned by the economic outlook, one quarter (25%) of financial advisers say they are seeing more clients wanting to opt for a higher risk approach. Only 12% of financial advisers say their clients remain cautious and are picking low-risk assets, while 5% say their clients are pulling their money out of investments altogether.
With the economic environment set to remain challenging, financial advisers are well placed to help investors with their investment decisions. Over the next year, almost half (49%) of advisers believe that their clients will look to them for more help when it comes to their investment decisions; 48% believe they will require the same level of advice and just 3% think that their clients will require less guidance.
Karen Barrett, Chief Executive at unbiased.co.uk comments: “With markets at the mercy of current economic events and no letup in sight, it is easy to see why investors are concerned about events in the eurozone impacting their portfolios. While the economic environment remains challenging, seeking professional advice is vital to help maximize returns.
“We know from our Value of Advice research that seeking advice on investments not only helps investors make more informed decisions about where to put their money but also gives them confidence to take the right course of action in difficult market conditions.
“A financial adviser will look at your entire financial situation, assess your personal attitude to risk and be able to suggest a suitable strategy for your investments according to your long term financial goals. To find a financial adviser near you who specialises in investments, go to www.unbiased.co.uk.”
ENDS
Notes to editors
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Anna Schirmer/ Emily Falla/ Maddy Morgan Williams, Lansons Communications: 020 7294 3682
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About unbiased.co.uk, the professional advice website
Unbiased.co.uk is the UK's most comprehensive free professional adviser search website, focused on empowering users with the resources they need to make better informed financial and legal decisions. We not only help consumers and businesses find the best adviser for their needs from over 20,000 IFAs, financial advisers, mortgage advisers, solicitors and accountants listed on our search but we also help them research the market by providing relevant information and tools. At unbiased.co.uk we like to be transparent about what we do and aim to provide the easiest way for consumers to find and compare advisers meeting their requirements.
The unbiased.co.uk website launched in 1998 and rapidly became the UK’s leading online destination for consumers and businesses looking to find an adviser. Now attracting over one million visitors a year, unbiased.co.uk is the default adviser directory for consumer websites recommending their audience to ‘find an adviser’.
Unbiased Ltd promotes the benefits of financial and legal advice to consumers and businesses and would like to thank the following companies for their support:
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NS&I |
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Aviva |
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AXA Wealth |
Prudential |
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Bright Grey |
Royal London 360° |
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Canada Life Ltd |
Schroders |
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Clerical Medical Investment |
Scottish Life |
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Hearthstone Investments Plc |
Scottish Widows Plc |
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Legal & General |
Standard Life Assurance Limited |
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Lockton |
TaxCalc |
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MetLife |
Zurich Intermediary Group |
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