IFAs made aware of multiple-pension 'opportunities'

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RESEARCH from MetLife reveals that more than half (53pc) of IFAs say their clients have three or more pension schemes, with money invested in a range of company and personal schemes.

The survey of 100 IFAs found that the average number of pension schemes held by clients was 2.57, with just 12pc of clients having only one pension scheme. One third (32pc) hold two schemes, just over two in five (42 pc) have three, while 11pc claim to have four or more. MetLife believes the survey’s findings point to a major opportunity for IFAs. Rosy Atal, head of communications at MetLife Europe, said: “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 numb...

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