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

Case study: The hidden risk of a single member SSAS without a professional trustee

Case study: The hidden risk of a single member SSAS without a professional trustee

The problem, the solution, lessons learned

Caitlin Southall
clock 30 March 2026 • 4 min read
Salary sacrifice protections overturned by House of Commons

Salary sacrifice protections overturned by House of Commons

Commons overturns Lords amendment to increase cap to £5,000 from initial £2,000 proposal

Holly Roach
clock 24 March 2026 • 1 min read
 Rachel Vahey: Advisers and clients still need clarity on NMPA increase

Rachel Vahey: Advisers and clients still need clarity on NMPA increase

'HMRC has had years to clear this up but has sat on its hands'

Rachel Vahey
clock 11 March 2026 • 4 min read