Majority of advisers concerned about rising overhead costs

Nearly nine in ten (85%) UK advisers expect their operating costs to increase in the next six months, and 39% of the respondents said they were concerned that cost increases could threaten their business this year. Advisers most frequently cited increased vulnerability due to falling revenue - either due to clients' invested assets decreasing in value (46%) or because clients were withdrawing more from their investments (44%), according to Abrdn Abrdn strategic director Jonny Black said: "Advisers are being hit from two sides. Like businesses across the economy, firms are battling cos...