Majority of advisers deal with clients who worry about outliving wealth

Advisers say clients running out of money before they die is main concern

Sahar Nazir
clock • 2 min read

The majority of financial advisers deal with retirement clients who worry about outliving their money, Aegon and NextWealth have found.

According to the NextWealth and Aegon Managing Lifetime Wealth report, 71% of advisers said the number one concern amongst retirement clients is running out of money. The research was conducted among 200 financial advisers in February 2024. Aegon pensions director Steven Cameron said: "While the prospect of living longer brings many benefits, this research shows there are many challenges that come with navigating and making the most of your retirement years. "71% of advisers say that clients are concerned about running out of money before they die, which raises real issues about th...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

PA360: Advisers urged to harness TikTok as attention spans decline

PA360: Advisers urged to harness TikTok as attention spans decline

'I can see attention spans massively decreasing in the next few years’

Sahar Nazir
clock 26 April 2024 • 1 min read
PA360: Firms must ditch shortcuts to 'organically build team culture'

PA360: Firms must ditch shortcuts to 'organically build team culture'

Firms urged to ‘take time and understand what matters to advisers’

Sahar Nazir
clock 26 April 2024 • 2 min read
Feel Good Friday: Belmayne donates hi-vis vests to primary school

Feel Good Friday: Belmayne donates hi-vis vests to primary school

To help improve the safety of Bradway Primary School’s youngest pupils

Professional Adviser
clock 26 April 2024 • 1 min read