Clients must be encouraged to embrace the risks of investing

Prevailing retirement planning advice ‘underscores the role of investing’

Hope Coumbe
clock • 1 min read

The concept of investing needs shifting away from the perception of being a “high-stakes gamble” to a strategic necessity, deVere Group chief executive Nigel Green says.

The comments come on the back of the firm's findings that almost two thirds (65%) of the new clients it took on last year were not saving enough for retirement. "History teaches us that well-managed investment portfolios have outperformed the returns offered by traditional savings vehicles," he added. "This outperformance is crucial for building a robust financial foundation, especially given the longer life expectancies, the increased costs associated with healthcare and other necessities in retirement, and reducing government financial support." Green continued: "As a society, th...

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 profession

Octopus Money: Why a Seccl-backed platform integration is for us

Octopus Money: Why a Seccl-backed platform integration is for us

'Technology and compliance acts as an anchor in the industry'

Sahar Nazir
clock 18 April 2024 • 1 min read
AJ Bell platform hits £80.3bn AUA as advised customers increase

AJ Bell platform hits £80.3bn AUA as advised customers increase

The firm recorded total advised customers of 165,000

Cristian Angeloni
clock 18 April 2024 • 2 min read
Women in Financial Advice Awards 2024: Two weeks to nominate!

Women in Financial Advice Awards 2024: Two weeks to nominate!

Awards ceremony on 6 November at London’s Marriott Grosvenor Square

Professional Adviser
clock 18 April 2024 • 1 min read