NINE in ten IFAs believe more and more people will be unable to retire at the age they wish to and the same majority expect the average age of retirement to rise significantly in the next 10 years, according to Aegon's third IFA Insights Survey.
A staggering 71pc of the 100 advisers Aegon questioned said that clients are already resigned to a significant reduction in their standard of living in retirement. 84pc said parents will be expected to support their children for longer, while 74pc believe people will receive less inheritance and will therefore have to save more to provide for the future. When addressing the savings gap, 87pc of IFAs questioned said they would urge clients to invest more in pensions, though the same number also said they would recommend finding alternative means of investing for retirement, indicating a ...
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