Pandemic has delayed important tax planning decisions according to advisers
- On April 14, 2021
- By GrowthInvest Marketing
Survey results released following research conducted by Vouchedfor on behalf of Octopus Investments
People have delayed making financial decisions, including important tax planning, as a result of the pandemic, according to a new poll of more than 700 financial advisers. The research, commissioned by Octopus Investments and conducted by VouchedFor1, revealed that six in ten (61%) advisers had clients who delayed financial decisions due to the pandemic.
Communication was identified as a potential cause of delay, with a quarter (26%) of advisers saying it had become harder to communicate with their clients during the pandemic, despite the increased use of technology.
James Hawkins of Isca Wealth Management, said:
“I find one of the biggest barriers to writing business is clients wanting to talk but never actually going ahead. It’s not that clients don’t want to do it, but it can take them a long time to come to a decision. Unfortunately, lockdown has been a great excuse for some clients to say, ‘I’ll tell you what, let’s wait until this is over.’”
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