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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your Business

PA360: Advice industry should not 'shoehorn' younger generation

PA360: Advice industry should not 'shoehorn' younger generation

‘Next gen advice should be a profitable income stream for your business’

Isabel Baxter
clock 26 April 2024 • 2 min read
PA360: Clients value advisers' experience with 'people like them'

PA360: Clients value advisers' experience with 'people like them'

Advisers need to decide what type of clients they want to serve

Jenna Brown
clock 26 April 2024 • 3 min read
Lack of personalisation in client engagement risking business growth

Lack of personalisation in client engagement risking business growth

Oxford Risk says better engagement could equal 10% organic AUM growth

Hope Coumbe
clock 23 April 2024 • 1 min read