Increased demand for retirement advice is being driven by the UK’s ageing population and continued economic uncertainty, according to latest research.
The report from NextWealth, sponsored by Aegon, said 67% of advisers reported the ageing population as well as medical advances had increased demand on their services while the current economic climate was the biggest driving factor for retirement advice for 58%. However, it added that affordability was suppressing demand, an issue reported by 19% of advisers. The statistics come from the sixth edition of the retirement advice report Managing Lifetime Wealth: Navigating Retirement Advice. The report examined the changing landscape of the retirement advice industry and looked at the in...
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