Financial advisers 'consulted about debt relief'
Published On 28 February 2007
Higher levels of people seeking debt relief have boosted the nation's awareness of the importance of financial planning, a spokesperson for the Association of Independent Financial Advisers has suggested.Tracey Mullins said that the demand for independent financial advisers has risen over recent years, fuelled by "the fact that life is very complicated".
She added that debt is "a very real issue for everybody" and that people who already use independent financial advisers are likely to call upon them for advice about possible debt relief.
"I think it is true that people are getting more used to the whole issue of financial planning. It may be because they have issues with debt," Ms Mullins added.
Her comments come after the Liberal Democrat shadow chancellor said that the UK's debt levels are "at the limits of sustainability".
Vincent Cable, commenting on the world stock market crashes, has said that as a result of market volatility, chancellor Gordon Brown has "little room for manoeuvre".
"The volatility of markets is a useful reminder that the economy is precariously dependent on confidence and particularly the continuing asset bubble in the housing market," he added.
