Financial advisers are riding a wave of opportunity in 2017, reported by a brand new ‘Adviser Attitudes Report’ from Aegon, assessing the fitness of england advice market.

One in five expects growth to become ‘significant’ since they capitalise on emerging advice opportunities for example Defined Benefit (DB) to Defined Contribution (DC) transfers.

The report C which tracks the behaviour, attitudes and concerns of the UK financial adviser market C found the sector to be rude health, despite little fall inside the final number of monetary advice firms since 20151.

As the pension freedoms take root, and savers must take on more personal responsibility for securing their own personal financial wellbeing, advisers are reporting an expanding usage.

Three quarters expect how many clients his or her firm services to extend over the next Year, while just 5% predict that customer numbers will fall.

Such is definitely the anticipated scale of demand that more than one fourth of advisers don’t be surprised to boost their team in the next 12 months to fulfill it.

When for the biggest opportunities for your advice market over the next couple of years, DB to DC transfers emerge above, with more than 50 % of advisers identifying it as a an essential area for growth.

The commitment of pensions dashboards featured prominently for just a quarter of advisers as improved entry to info about historic savings plans may prompt the interest in broader pension planning and advice.

Social care funding seemed to be marked out as being a key prospects for growth by 1 in 5 advisers.

Although they’ve already done little to dampen business optimism, a number of threats are listed on advisers’ radars as they quite simply stay up for our next 24 months.

Two in five advisers are involved that Brexit could hurt their business, although 1 in 5 find it being an opportunity, showing how uncertain an article Brexit world looks.

But the combination of broader political volatility and Brexit is regarded as a vital threat by 70% of the adviser market.

Regulatory change is also a worry for several, with Mifid II (23%) being called out as introducing further uncertainty to the path ahead.

The advance of robo-advice can be another topic that divides advisers, with 31% expecting to see more demand, although the same number of advisers (31%) find it being a threat. For advisers with average client assets over 200,000, any issue is a reduced amount of evident just 10% seeing it as a threat.

Advisers are as bullish about profits and turnover, with seventy-five per cent reporting a profits increase in the past year and other numbers expecting to see profits grow within the next Year.

Four in five firms have witnessed turnover grow during the last Calendar year, and the same number expect this growth to stay covering the coming year.

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