You are here: Home - Saving & Banking - News -

Consumers flocking to IFAs

0
Written by:
29/11/2007

Research from Unbiased.co.uk reveals that the number of consumers demanding independent financial advice on investment and offshore holdings rose dramatically during the third quarter of 2007. 

Over 33,000 consumers requested independent financial advice on savings and investments from July to September, an increase of 17% on the previous quarter and by over 5,600 requests on the same period in 2006.

Requests for advice on offshore investment rocketed to nearly 4,000 in the third quarter of 2007, up by 25% on Q3 2006 according to the report. As the credit crunch started to hit financial stocks, requests for advice on investments and savings rose by over 20% on Q3 last year.

David Elms, chief executive of Unbiased.co.uk, said: “Our figures go to show that when consumers are worried about issues in the global financial markets, their IFA is the first place they go to for help.

“Volatility in current financial markets and the changing legislative landscape here and across Europe has resulted in some uncertainty among holders of investment products. It is reassuring that people are continuing to value gold-standard whole of market advice on their portfolio from an IFA in order to best protect themselves against what may lie ahead.”
 

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
English expats miss home

When English people move abroad, almost half (46%) miss traditional dishes such as bangers and mash and black pudding, and...

Close