Clients dipping further into pensions savings to help family members

The mutual found that 33% of advisers have seen this increase whilst 34% saw an increase in the level of drawdown withdrawals. It was also noted that 41% of advisers are having more conversations with clients about investments and the economic environment compared to two years ago at the start of the cost-of-living crisis in late 2021. The climate of rising interest rates, coupled with volatile market conditions over the last two years, saw 37% advisers note an increase in clients moving money to cash, Royal London also found. Pensions expert Clare Moffat said: "Unsurprisingly, the...