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

Isabel Baxter
Author spotlight

Isabel Baxter

Chief Reporter at Professional Adviser

More on Your profession

Meeting the needs of vulnerable consumers in financial services

Meeting the needs of vulnerable consumers in financial services

'The dynamic nature of vulnerability can make determining who's in scope complicated'

Shriya Patel
clock 14 January 2026 • 4 min read
Ten firms achieved CII Chartered status in second half of 2025

Ten firms achieved CII Chartered status in second half of 2025

Across financial planning and insurance

Jenna Brown
clock 13 January 2026 • 1 min read
FSCS sets £108m budget for 2026/27 as costs fall in real terms

FSCS sets £108m budget for 2026/27 as costs fall in real terms

Compensation scheme plans lower core costs

Sahar Nazir
clock 13 January 2026 • 1 min read