Economic strife and longevity drive demand for retirement advice

Confidence on accessing retirement funds remains low

Jenna Brown
clock • 4 min read

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...

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 Pensions

L&G becomes first pension provider to complete dashboards ecosystem connection

L&G becomes first pension provider to complete dashboards ecosystem connection

Provider finalised its connection to the ecosystem today

Holly Roach
clock 17 April 2025 • 1 min read
How public sector pensions impact divorce proceedings

How public sector pensions impact divorce proceedings

'The ripple effects of the McCloud Remedy continue to be felt in divorce proceedings'

Vanessa Gardiner
clock 15 April 2025 • 5 min read
Pension freedoms and lessons from Down Under

Pension freedoms and lessons from Down Under

How the UK can build a more 'robust and supportive' system

Verona Kenny
clock 09 April 2025 • 4 min read