NextWealth

Majority of advisers that see this have client portfolios less than £100,000

Confidence on accessing retirement funds remains low

Half of advisers seen uptick in retirement advice demand

A fifth of advisers use tools provided by platforms

Advisers score risk profiling tools 7.6 out of 10 for effectiveness

Most advisers use the same profiling tool and set of questions

NextWealth says 41% of advisers expect to increase MPS use next year

'Too early' to tell how AI will be used in wealth management

The shift reflects business model diversification and staff ratio changes

Research shows 17% of advisers said they will make changes over next year