Advisers should bring forward their clients' pension reviews to ensure their investments match their changing attitude to risk, according to Zurich.
The firm says the financial crisis and economic downturn means many people will need to reassess their retirement savings and make adjustments to match their changing needs.
Dave Lowe, pension management director at Zurich, says advisers should contact their clients immediately to review their pension rather than waiting until their next scheduled review.
"In volatile times, we understand that peoples' attitude to risk becomes more cautious. This is likely to lead to a desire for capital protection," Lowe says.
"We also recognise the perhaps competing need for long-term growth to achieve retirement objectives. By taking action, advisers can work with their clients to ensure their investment strategies continue to correspond with their own needs."
Zurich plans to launch a campaign to get IFAs to review their clients' pension investments more often to ensure they are making the best use of their money. This will include a series of regional seminars, and the group is also launching HelpPoint to provide administrative support to advisers reviewing pensions business.
Further details of Zurich's campaign will be revealed shortly, and will be accompanied by a range of materials for consumers, to help them understand the importance of pension reviews.
Contact: John Bakie, Tel: 020 7484 9805, e-mail: [email protected]IFAonline
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