Cost of living crisis sees clients change investment plans

The fund management house said the most recent findings followed its 2022 pulse survey which found that 69% of advisers had anticipated "significant portfolio changes". The survey questioned 439 advisers from 350 firms. It also found 63% of advisers ranked capital loss as the greatest client concern. This was followed by inflation and generating sufficient income and rising interest rates as the biggest concerns. It added that 39% of advisers expected interest rates to trend higher over the next five years - compared with 85% surveyed in May this year. Cash holdings were also up, t...