Over half of advisers expect cost of living to hit clients' savings

Critical ‘to have conversations early to discuss the options and agree a plan’

Ayesha Venkataraman
clock • 2 min read

The majority of advisers expect that most of their clients will be forced to adjust contributions or sell investments to meet their retirement plans as a result of the current cost of living crisis, according to Embark Group.

The firm's confidence barometer, published on 31 October, found that when asked what percentage of clients they are confident will not be forced to adjust contributions or sell investments, most advisers chose the 26-49% range. In fact, over half chose a minority of clients, with only 25% believing that a majority of their clients would be unaffected. The survey also found that 53% of surveyed advisers have seen an increase in the number of people seeking advice as a direct result of them recognising that their savings must do more. Only 33% of advisers believe it has reduced the n...

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