75% of professionals distrust advisors

EdInvestor

Citywire

Along with the Government and the regulators....

dunstonh

I dont take any notice of these. For example:

more than 1,000 people in the ABC1 social category, which comprises anyone from doctors and solicitors to students and office administrators.

I bet if you ran similar surveys on them you would get equally high figures of mistrust against them.

A lot of people are living miserable lives and complain about everything and everyone. This is increasingly the case in an age when everything has to be bad news to make the media or turned into bad news when it isnt.

Conrad

Advisors have thier own agenda, until that ends trust will never grow.

My tired old example; Whilst advisors have been pedaling little policies for the last 10 years, smart independant people have made hugely more from B2L property. I know quite a few who from nothing have now retired just from B2L in the last 10 years.

Furthermore the policies sold are riddled from top to bottom with cost and of course always stacked in the porviders favour - jeeze, they even take your pension pot when you die after retiring!

Conrad

PS - I dont trust Professionals either. Doctors tend not to notate properly so patients have repeat themselves over and over and mistakes are virtualy guaranteed. Thier listening skills are very poor. If they learned to listed properly I'm sure they would find patients would go away sooner.

Solicitors - well, where do I start

Tirian

Hmm, well perhaps I am a prejudiced little so-and-so, but I think I would probably trust someone who can spell more than someone who can't - or can't be bothered to ...

Good luck in your life without consulting a doctor.

Andy_L

Ed, your reading & statistical comprehension seems to be off today, it's not 75% of professionals don't trust advisers it's 77% of ABC1s have not sought advice because they either don't trust them or don't know of a suitable adviser.

Without a breakdown between the 2 you can't say anything useful about the trustability (is that a real word?) of advisers amongst professionals

jem16

Andy_L wrote: »

Ed, your reading & statistical comprehension seems to be off today, it's not 75% of professionals don't trust advisers it's 77% of ABC1s have not sought advice because they either don't trust them or don't know of a suitable adviser.

Now why let the facts get in the way of a good headline ?

Ed - do you spend your day looking for articles to try and condemn advisers? If so I feel very sorry that whatever happened to make you so embittered towards them has clouded your comprehension skills.