Pension freedom provokes 'strong demand' for advice - research

DB to DC switches a leading cause of enquiries

clock • 2 min read

Four-fifths of financial advisers have seen an increase in enquiries linked to pension freedom-related advice, according to research.

Two-thirds (68%) of the 98 intermediaries who responded to the Investec Wealth & Management study said they expect that number to continue growing over the next five years. A similar percentage said they have received enquiries about switching from defined benefit (DB) to defined contribution (DC) schemes. Indeed, interest in carrying out such switches is expected to prove a good source of future business - the survey found that, on average, advisers predict they will continue to receive similar enquiries for another nine years. "Advisers have seen strong levels of demand among pensio...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Why the real problems of the pensions dashboard are yet to start

Why the real problems of the pensions dashboard are yet to start

'Its aims seem not only less relevant but potentially problematic'

James Floyd
clock 23 June 2025 • 5 min read
Turning data into dialogue: Helping clients visualise retirement realities

Turning data into dialogue: Helping clients visualise retirement realities

'Data is more than just a collection of figures, it's a powerful tool for engagement'

Joshua Croft
clock 20 June 2025 • 3 min read
Average pension transfer took just 11 days at tax year-end

Average pension transfer took just 11 days at tax year-end

Origo says transfer times decreased around tax year-end with half taking seven days or less

Jasmine Urquhart
clock 17 June 2025 • 2 min read