Advisers consider 'fundamental' changes to business models

This includes a wider range of advice services, personalisation and coaching

Isabel Baxter
clock • 1 min read

Advisers are considering fundamental changes to their existing business models, BNY Mellon Investment Management has found.

Its report, Life Beyond Work: The Changing Face of Retirement, which surveyed more than 200 UK retirement focused advisers alongside 64 qualitative discussions with consumers, retirement specialists and industry specialists, found that advisers are considering various changes to how they operate. One of those changes include a wider range of advice services. According to the report, advisers see the potential for growth in key areas of retirement advice such as inheritance and tax-planning but also recognise their potential to get involved in additional areas. Nonetheless, 44% expect ...

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