The ‘perfect storm’ of rising inflation and volatility is driving evolution in how advisers support clients on retirement planning amid fears that issues emerging now may get worse before they get better, according to research report from independent consultants AKG.
The report highlighted concerns that advising clients in retirement was riskier and more expensive than in accumulation, with the risks rising once clients start to take income. Just under two-thirds of advisers said that between 25% and 50% of their firm's advisory business related to clients in drawdown while 17% stated that clients in drawdown represented a higher proportion of their advisory business of between 50% and 75%, the research showed. Around two out of three (64%) expected increased client demand for drawdown in the next five years, it also found. The report, sponsore...
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