More than half of advice firms (56%) do not have a centralised retirement proposition that is used by all the advisers in their businesses, according to research carried out by Prudential.
The research was conducted during Prudential's retirement advice process webinars last month in which 1,506 advisers were surveyed. Consultant and former FCA technical specialist Rory Percival, who co-hosted the webinars alongside Prudential retirement expert Vince Smith-Hughes (pictured), said clients who were in retirement and drawing down on their savings had "inherently different" advice needs compared with those who were in the accumulation phase of investing. "Pension freedoms have meant that clients require ongoing financial advice in retirement and, by having a centralised ret...
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
