Demand for IFAs remains high in first half 2007

05 September 2007
Requests for independent financial advice remains strong according to Unbiased.co.uk’s Advice Drivers report. The report shows that a record 280,000 requests was made through the company’s website in the first six months of 2007.

The sectors engendering the highest number of advice requests were personal retirement with 89,981 (32 per cent), investments and savings with 63,391 (24 per cent) and mortgages with 62,728 (22 per cent).

Demand for advice on savings and investment products increased by 2% to 25% of total requests in June compared with 23% in January.

Other popular areas of request for independent financial advice include ISAs/OEICs/unit trusts, taxation planning, stakeholder pensions, personal protection, investment trusts, equity release and saving for children.

Chief executive, David Elms, commented: “Our figures are proof that IFAs have an important role to play in the consumer financial advice arena.”

“These figures clearly highlight that consumers value the advice they receive and that any changes made to the current IFA market should be considered with the consumer’s best interest in mind,” he added.

Find out more about independent financial advisers