Savvy advisers should take advantage of clients with multiple pension schemes, according to financial services firm Metlife.
New research suggests more than half of all advisers have clients with a number of pensions, and that only one in ten clients has a single pension scheme. Metlife says the number of clients with multiple pension schemes represents a major opportunity for IFAs. Rosy Atal, head of communications at MetLife Europe, says: “The number of clients with multiple pension schemes demonstrates the need for expert advice on maximising retirement income. “People moving jobs will typically accumulate a number of different pension schemes and these may be defined benefit or defined contribution. People...
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