Wealth advisers are warning their clients to take precautions against rising inflation next year, with Danny Truell, the chief investment officer of the Wellcome Trust charitable endowment, warning the UK could be facing the biggest threat of rising prices in 20 years.

UK adviser Towry has just published an opinion poll among its clients, which suggests that 59% of them have become worried about inflation going up. Chief investment officer Robert Dawkins says: "Investors may consider moving away from bonds and towards hard assets such as real estate and commodities."