Clients wary of equities, say advisers in Pru study

Clients' appetite for risk has dramatically reduced in the past year due to the market volatility, sa...

Clients’ appetite for risk has dramatically reduced in the past year due to the market volatility, said advisers in a Prudential study. Six out of 10 advisers said more than half of their clients are looking to adopt a more cautious investment strategy and 75% of IFAs said clients’ attitude to risk has changed in the past year due to the volatile stock market conditions. Those investing in Isas have also changed their strategy compared to a year ago. Prudential said research showed between January 2008 and 5 April this year, 10.3 million people were considering investing in a stocks and ...