Seven out of 10 pension professionals believe Prime Minister Liz Truss should be replaced as a matter of urgency, following the debacle that has seen the pound plunge, Gilt yields soar and LDI strategies thrown into chaos.
A poll of advisers at the Corporate Adviser Summit yesterday found 71 per cent supported her immediate removal, compared to 29 per cent who did not.
The poll found even greater support for the reversal of the government’s mini-Budget, with 79 per cent of delegates saying it should be reversed, and 21 per cent saying it should not.
Despite the negativity around the economy, more than nine in 10 advisers thought their firm’s revenue would increase over the next 12 months.
The poll, of 44 senior advisers, CEOs and MDs across the UK’s leading DC pension and benefits firms, found 66 per cent predicted their firm’s revenue would increase slightly and 25 per cent expected it to increase significantly. Just 9 per cent predicted a slight decrease, with none predicting a significant decrease.