The study by M&G, which surveyed 882 IFAs in May 2011, found that under 30% said they planned to offload investment decisions to discretionaries despite the implementation of RDR – legislation widely thought to have encouraged greater use of investment outsourcing – being just 18 months away.
The poll also found that fewer than one in 10 IFAs believed the implementation of the 50% income tax band for high earners had affected clients’ investment strategy.
Asked what was their clients’ largest worry, over 50% cited capital losses, around 20% suggested a drop in income and 16% said rising prices and inflation.
"Given the almost daily news on rising prices, it is unsurprising that a relatively high number of advisers say their clients’ main investment concern is how to tackle inflation. Having enjoyed a long period of low inflation – and in some goods a period of deflation – the insidious threat of inflation is back," said Jonathan Willcocks, head of retail sales at M&G Investments.
