IFAs around the world report as many as three out of five of their clients have a retirement funding gap. The largest has been noted by IFAs based in Singapore who say that 65% of their clients have a gap between how much they are saving and what they will actually need to fund their retirement.
The latest findings from Skandia International’s Adviser Confidence Barometer research, shows that in the current economic climate nearly half (43.6%) of advisers say their clients have become increasingly risk averse - notably over the last quarter - which in turn meant IFAs say there is a marked lower demand for new investments. What’s frustrating the majority of international IFAs is an awareness that while the number of clients with a retirement funding gap is high, they believe their clients are in a position to save but other factors stop them from doing so. A quarter of the respo...
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