Two in five IFAs believe a Conservative government would be better for their business.
Research by Opinium found only 8 per cent of IFAs felt a Labour government would be better for their business.
This was because they believed the Conservatives would better manage a wide range of issues facing the economy than their opposition, like making Brexit work for UK businesses (34 per cent) and reducing inflation (47 per cent).
IFAs thought a Labour government would only be better for ensuring workers get fair pay and working conditions and for developing the skills of the workforce.
Some 20 per cent of IFAs also believed Labour was in touch with ordinary people compared to just 10 per cent who thought the same of the Conservatives.
While 37 per cent of IFAs thought the Conservatives were more likely to have views that align with their own compared to Labour (12 per cent).
Alexa Nightingale, global head of financial services research at Opinium said: “IFAs may be bracing themselves for a change in government. As our research has found, many IFAs feel more confident with the current government when it comes to their own business and their clients.
“Many IFAs will be wondering what changes and new policies a Labour government might introduce.
"For example, we know that they have stated they will reverse the lifetime allowance removal which has only just become effective and so advisers may be concerned about the potential upheaval they could face should Labour win the next general election.”
The research also revealed that in fact IFAs do not feel particularly optimistic about either of the main political parties being in power.
Some 54 per cent of those surveyed did not think Labour was ready for government, while 46 per cent said the same about the Conservatives.
Just 14 per cent felt Labour could be trusted to make the big decisions, rising to 27 per cent who thought the same about the Conservatives.
alina.khan@ft.com
