Advisers call for new products to tackle retirement planning challenges

Its UK retirement study of 151 retirement focused advisers and 500 consumers found just 10% of advisers are ‘very satisfied' with current retirement products, versus half (51%) that reported no satisfaction whatsoever. Three quarters (75%) of advisers said product innovation is important to addressing retirement planning challenges and sustainable income generation (cited by 61%) is their biggest priority. Advisers identified product complexity and suitability concerns as the biggest barriers to adopting new products (56% and 53% respectively rank these as a top three concern). Invesc...