IFAs say 'normal' business levels will return in six months

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Advisers believe business could bounce back to normal levels within six months as they continue to see a pick up during the last quarter.

Business has been boosted by a general sense of confidence returning to the market as well as the traditional end-of-tax-year traffic, according to Fidelity FundsNetwork's Adviser Sentiment Index (ASI) which tracks the experiences of 200 IFAs. When scoring how their businesses are faring, the average figure on the index was -0.9 in July, up from -1.37 in April. The scale runs from -5 for dreadful, 0 for no change and +5 for excellent. It also revealed advisers based in East Anglia have the most positive outlook as well as the best three months in terms of business. The findings ref...

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