X
  • About
  • Advertise
  • Contact
Get the latest news! Subscribe to the ifa bulletin
  • News
  • Opinion
  • Podcast
  • Risk
  • Events
  • Video
  • Promoted Content
  • Webcasts
No Results
View All Results
  • News
  • Opinion
  • Podcast
  • Risk
  • Events
  • Video
  • Promoted Content
  • Webcasts
No Results
View All Results
No Results
View All Results
Home News

Scottish advisers oppose independence from UK

A majority of Scotland-based financial advisers will be voting ‘no’ in the upcoming referendum on Scottish independence, fearing negative impacts on their businesses, a new survey reveals.

by Reporter
July 1, 2014
in News
Reading Time: 2 mins read
Share on FacebookShare on Twitter

The survey of Scottish advisers, conducted by UK financial services software provider Intelliflo, found that 76 per cent of respondents will vote against the proposition in September, the Financial Times reported.

A further 74 per cent indicated they would like to see Scotland retain the British pound as its currency, while 59 per cent expressed a preference for Scotland to remain in the European Union.

X

The survey respondents listed compliance issues for existing products as a major risk in the case of Scottish secession, with 54 per cent indicating Scottish independence would have a “negative impact on business”.

Intelliflo chief executive Nick Eatock concurred with a majority of advisers that a ‘yes’ result in the national referendum may have dire consequences for the advice community.

“Advisers who think a positive vote for Scottish independence will leave them with business pretty much as normal could be in for a massive shock post-18 September if the vote is ‘yes’,” Mr Eatock said.

“For advisers, not being prepared could present two risks to business. One is reputational and the other is having a situation where unplanned and unpaid for time is spent reacting to clients in a panic about what to do,” he added.

Meanwhile, Scottish adviser Carl Melvin of Affluent Financial Planning told the Financial Times that the supporters of independence are relying on a “Braveheart mentality” and expressed concern that product manufacturers Standard Life and Alliance Trust may leave the country in the case of a ‘yes’ vote.

Related Posts

Top 5 ifa stories of 2025

by Alex Driscoll
December 23, 2025
0

Here are the top five stories of 2025.   ASIC turns up heat on Venture Egg boss over $1.2bn fund collapse...

Image: Nathan Fradley

Regulatory ‘limbo’ set to continue in 2026, but positives remain

by Keith Ford
December 23, 2025
0

Wrapping up 2025 and looking forward to the next 12 months, Nathan Fradley from Fradley Advice explained why he’s positive...

First Guardian fallout continues for Diversa with APRA action

by Adrian Suljanovic
December 23, 2025
0

The Australian Prudential Regulation Authority (APRA) has imposed new licence conditions on Diversa Trustees to address concerns about its investment...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

VIEW ALL
Promoted Content

Innovation through strategy-led guidance: Q&A with Sheshan Wickramage

What does innovation in the advice profession mean to you?  The advice profession is going through significant change and challenge, and naturally...

by Alex Driscoll
December 23, 2025
Promoted Content

Seasonal changes seem more volatile

We move through economic cycles much like we do the seasons. Like preparing for changes in temperature by carrying an...

by VanEck
December 10, 2025
Promoted Content

Mortgage-backed securities offering the home advantage

Domestic credit spreads have tightened markedly since US Liberation Day on 2 April, buoyed by US trade deal announcements between...

by VanEck
December 3, 2025
Promoted Content

Private Credit in Transition: Governance, Growth, and the Road Ahead

Private credit is reshaping commercial real estate finance. Success now depends on collaboration, discipline, and strong governance across the market.

by Zagga
October 29, 2025

Join our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

Poll

This poll has closed

Do you have clients that would be impacted by the proposed Division 296 $3 million super tax?
Vote
www.ifa.com.au is a digital platform that offers daily online news, analysis, reports, and business strategy content that is specifically designed to address the issues and industry developments that are most relevant to the evolving financial planning industry in Australia. The platform is dedicated to serving advisers and is created with their needs and interests as the primary focus.

Subscribe to our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

About IFA

  • About
  • Advertise
  • Contact
  • Terms & Conditions
  • Privacy Collection Notice
  • Privacy Policy

Popular Topics

  • News
  • Risk
  • Opinion
  • Podcast
  • Promoted Content
  • Video
  • Profiles
  • Events

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

No Results
View All Results
NEWSLETTER
  • News
  • Opinion
  • Podcast
  • Risk
  • Events
  • Video
  • Promoted Content
  • Webcasts
  • About
  • Advertise
  • Contact Us

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited