Advisers will benefit from an advice demand windfall as market conditions build a "pension perfect storm" and consumers will realise the "value of advice has never been greater", Aegon UK chief executive Adrian Grace has said.
Grace (pictured) said pension flexibilities coupled with recent volatile market conditions of late will leave even financially savvy consumers turning to advisers for help. "The market volatility of the last ten months means that both those saving for retirement and those who opted for non-advised drawdown last April will be wondering how well equipped they are to make decisions in difficult markets," he said. Aegon's analysis of a balanced drawdown portfolio indicates investments are down around 9% since last April. "Faced with these markets, many will be turning to an adviser for...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
