One in five clients 'very concerned' their IFA or planner will retire

Three in five say they will use the same firm and have another adviser

Isabel Baxter
clock • 2 min read

One in five (20%) clients are “very concerned” that their IFA or financial planner will retire and 26% are “quite concerned”, Investec Wealth & Investment has found.

 The study amongst 535 clients revealed that on retirement of their adviser, 61% will retain the same firm and use another professional within the company, 31% said that they will find another adviser for themselves and 8% said they will stop using a financial adviser altogether. The research revealed that men are much more pessimistic about losing their financial adviser than women, with 52% of men saying they were either "very concerned" or "quite concerned" about the prospect of their adviser retiring, compared to 25% of women. According to the research, the concern comes as 21% of...

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

Carla Brown: PFS will reassert itself as voice of the profession in 2026

Carla Brown: PFS will reassert itself as voice of the profession in 2026

PFS president and chair on building trust

Carla Brown
clock 16 June 2026 • 4 min read
Advisers need 'robust' scam protections as investment fraud losses hit £221m

Advisers need 'robust' scam protections as investment fraud losses hit £221m

Investment fraud up 40% year-on-year

Sophia Panayi
clock 15 June 2026 • 2 min read
News editor's view: Why advisers should pay attention to student loans

News editor's view: Why advisers should pay attention to student loans

The news editor's Friday Night Takeaway from 12 June

Isabel Baxter
clock 12 June 2026 • 4 min read