A note to our advisers
As we head towards an uncertain winter with the cloud of a cost-of-living crisis, economic turmoil and conflict in Europe looming over us, it’s safe to say there is plenty of worry amongst those in our industry. In these trying times of rising rates and inflating costs, it’s important to remember the past troubles we’ve made it through together as advisers. Our Managing Director, Sally Laker, has a message to share.
“There’s no hiding from the fact that things look uncertain at the moment. No one can say for sure what will happen with the economy in the coming days and weeks, but throughout this, there is one constant. As professional advisers, you have consistently and repeatedly demonstrated resilience and strength to overcome all the challenges that we currently face. We’ve seen time and time again from the financial crash of 2008 to the very recent issues presented by the Covid-19 pandemic and the cost-of-living crisis, you as the advisers have always come out on top.
We don’t know what is to come over the winter months and beyond with rising inflation and mortgage rates following suit, there’s no doubt that there are difficult economic times ahead and the withdrawal of further products seems somewhat inevitable. It’s been a little while since we’ve seen mortgage rates rise to the heights we’re expecting to see in the coming weeks, but I prefer to view a changing landscape through the lens of new opportunity. No matter the financial and economic situation of our country and our industry, there will always be ways in which we can help our customers, and it is times like these that customers can benefit from your expert advice the most.”
What is to come?
Following the ongoing discussions in the wake of the latest ‘mini-budget’, uncertainty surrounding our industry and the economy in a more general sense is rife. It’s safe to say that no one truly knows what the coming weeks and months may have in store, but the one certainty is the value of our advisers. As we approach what has the potential to be a truly tough winter for thousands of households across the country, the helping hand offered by our advisers to give clients as much reassurance as possible when it comes to their finances has never been more needed.