You are here: Home - News -

IFA confidence is lagging

by:
  • 03/12/2002
  • 0
Confidence among financial advisers has dipped significantly, with 50% admitting they had considered...

Confidence among financial advisers has dipped significantly, with 50% admitting they had considered quitting, selling their business or joining a larger group, according to research from Acquisitions, Mergers and Sales Limited (AMAS).

Phil Calvert, director of AMAS, said: ‘We knew that many IFAs were unhappy about the state of the industry, but we were very surprised to discover just how many had considered selling up or joining forces with a larger firm.’

The specialist acquisitions and sales firm also discovered that while 48% are feeling less confident about their business prospects than they did a year ago, only 23% said they were more confident.

The research claimed that anxiety over the CP121 proposals and possible over-regulation had made the situation worse.

Although the Financial Services Authority has now announced plans to remove polarisation, David Bitner, mortgage technical manager at The MarketPlace, did not think that this would necessarily result in confidence levels become more buoyant.

Bitner said: ‘I would say that, across the board, if there is the option of retiring or exploring new options, take it. This could have the effect of being more beneficial to those who stay and they could eventually become more prosperous.’


Tags

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
TRADE BODIES

IFA Promotion (IFAP) IFAP, the organisation promoting the benefits of independent advice, has appo...

Close