According to Prudential the number one concern for adviser’s clients is retirement planning and an income in retirement, with 54 percent of adviser’s saying clients had not saved enough for their retirement.
Advisers believe that pension products would have the biggest impact on their business over the next five years. Equity release is another area that is likely to grow over the same period of time and experts are requesting that the products are easy to understand and are flexible.
Our view
Many people leave it way too late to start a pension scheme. People need to start saving as soon as they can i.e. in their teens. For most, they suddenly realise in their late forties or early fifties that the clock is ticking. Contact us for help today.