IFAs ‘expect to see rise in DIY investors in coming year’

Independent financial advisers (IFAs) expect a rise in DIY investment in the coming 12 months – which could be good news for builders in Leicester.

According to Legal & General’s What Matters Investment Index, 57 per cent of IFAs predict this rise in consumer behaviour as a result of the Retail Distribution Review (RDR) protection strategy.

Of these people, 62 per cent think that it is likely there will be an increase in the number of businesses offering direct-to-consumer products and solutions.

Managing director at Legal & General Simon Ellis said: “The challenge for providers and advisory firms is to decide whether they wish to participate in this developing market and if so to ensure consumers make well-informed decisions.”

Recently, Safe Home Income Plans revealed that householders may be turning to equity release to fund home improvementsĀ and DIY, with director-general of the company Andrea Rozario noting that such finances are many homeowners’ biggest assets.

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