Advisers fear weak interest rates and turbulent markets will hit people's defined contribution (DC) pension funds, Aegon research has revealed.
Three quarters (77%) of the 200 advisers polled said falls in investment markets are reducing the value of their clients' future income and they have little or no protection against this. The research added 70% of advisers believe the cost of personal health will chip away at their clients' retirement funds. Meanwhile, 69% expect a lack of access to investments and potential for income growth (65%) will erode value. Aegon Ireland CEO Simon Skinner said: "As the baby boomer generation reach their retirement years, they'll experience a retirement that is on average healthier and longe...
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