NS&I’s latest edition of its Financial Advice Barometer indicates that while security remains the top priority for advisers’ clients (55%), there has been a drop of 10 percentage points, from 14% in January 2018 to 4% in April 2018, in those citing income (regular and consistent returns) as the most important priority.
New research from NS&I reveals that personal finance worries are having a negative impact on the wellbeing of 17 million Britons, with a quarter (26%) revealing that the state of their personal finances has had a negative effect on their mental health.
NS&I has now launched new services for financial advice firms via its Adviser Helpline (0800 092 1228). For the first time, firms will have access to information on their clients’ NS&I holdings via the phone. This will significantly speed up the process of working with NS&I.
NS&I today announced that it intends to continue its commercial relationship with Matrix Capital to provide financial advisory services to the winners of the two monthly Premium Bonds £1 million jackpot prizes.
The latest edition of NS&I’s Financial Advice Barometer shows that for the sixth survey in a row, advisers ranked ‘security’ (protecting assets) as the most important priority for their clients in terms of savings and investment options, up 13 percentage points since the survey was last conducted in January 2017, from 47% to 60%.
The latest edition of NS&I’s Financial Advice Barometer shows that twice as many advisers (22%) expect to increase their clients’ cash holdings in the next six months compared to the last time the survey was conducted in October 2016, when the figure was 11%.