"The broad picture is a very severe economic downturn"
Its initial reaction to the COVID-19 interruption "has been uneventful"
It is hitting the highest level since 2017
“It’s an important time for advisers to make contact”
They aim to look for better returns than bank deposits in a low interest rate environment
“Exposing such behaviour is the first step to resolving it,” says head of supervision
Some active markets experienced their best start to the year in three years
There’s still plenty of interest from potential buyers looking at the limited stock on offer
They say there is a gap in the market for independent adviser support
The benefit pays out 12 months in interest payments
The gap between market rates and banks' servicing test rates continues to widen