Advice firms using central retirement propositions 'up 15%' from 2020

'An uncertain time for retirees and advisers'

Julia Bahr
clock • 2 min read

The popularity of centralised retirement propositions (CRPs) appears to be on the up, according to research from M&G Wealth and NextWealth, which found a 15% increase in use among financial advice firms since 2020.

The survey, conducted among more than 200 adviser firms, cited greater business efficiency, optimal client management and meeting regulatory requirements as key contributors to the use and uptake of CRPs.  The report findings were based online quantitative survey of 201 financial advisers conducted between 28 January and 7 February 2022 and in-depth qualitative interviews with eight financial advisers, conducted between 24 January and 24 February 2022. Pointing to a return to pre-pandemic popularity, the research found a little more than half of the firms surveyed (55%) already had a ...

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