Nine out of ten IFAs (88pc) believe increasing numbers of people will be unable to retire when they wish and retirement ages will rise significantly over the next ten year, according to Aegon's IFA Insights Research.
A total of 71% of IFAs say people are already resigned to a significant reduction in their standard of living in retirement due to extra financial pressures. These include parents supporting their children for longer (cited by eight out of ten IFAs) and the fact people will receive less inheritance (74% of IFAs). Graham Dumble, AEGON’s Director of Risk & Regulation, says: “The third wave of the AEGON IFA Insights survey reveals that the IFA community expects those planning for retirement to face increasing pressures from all sides. So it’s not surprising they expect the British public w...
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