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Protection biggest growth area in Q3 – brokers

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  • 15/08/2012
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Protection biggest growth area in Q3 – brokers
Advisers expect protection will be a key driver of business in the next three months, according to a survey by First Complete.

The study asked brokers which areas they expected to see increasing sales during the next quarter, with nearly a third expecting to up their number of protection sales.

A quarter predicted that buy-to-let would be the biggest growth area with 16% expecting to see an upturn in remortgages and 15% an increase in house purchase deals.

Looking at the market as a whole, the network also found that 45% of brokers expect to complete more business in the next three months. A further 35% expect business levels to remain the same.

A quarter of brokers said they felt more confident at present than they did at the end of the first quarter of the year, while 52% said that they had the same level of confidence in the market

However, that confidence is not reflected in clients with brokers saying 24% are more pessimistic about the current market than they were last quarter with only 11% more positive about the market.

Jon Round, chief executive of First Complete, commented: “With protection becoming more affordable than ever and the EU Gender Directive set to go live in December; it is no wonder that protection is the area brokers are expecting to grow the most in the coming months.

“Whether the reason is regulatory, commercial or market driven, it is more vital than ever that brokers have accurate data, information and collateral to talk to their clients with confidence and help to dismiss some of the negativity brought about by media sensationalising.

“This ensures that clients are able to make informed decisions about their financial futures while having a trusted and knowledgeable adviser who understands the current options available presents the best solution.”

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