Advisers’ overall usage of centralised retirement propositions (CRPs) has declined despite many having stated an intention in the past to integrate them into offerings.
The 2023 Managing Lifetime Wealth: Retirement Planning in the UK report, published by Aegon and NextWealth yesterday (22 May) found having a common approach to retirement advice followed across a whole firm is on the decline. "The use of CRPs was expected to grow as advisers continued to enhance and formalise how they deliver financial planning advice," the report stated. Five years ago, it noted that 46% of advisers worked to a CRP with another 13% planning to have one in place within 12 months. Despite this, Aegon has found just 52% of advisers are using CRPs in 2023. This is sev...
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