In one of the largest surveys of financial advisers, Prudential have found that the 'most pressing concerns businesses faced, and the thing clients had asked about most, was retirement planning. More than three quarters said that retirement planning was the main concern for clients.
Investments were the main concern for 59% of consumers, while inheritance tax polled 56%.
Areas of least concern were generic savings and tax, other than IHT. Planning to pay for their child's education was also low on the list of clients' priorities.
The areas that advisers believe will affect their business mirror those of their clients, with 39% saying pensions advice would be at the top of their list, while 26% thought that investment products would feature most in retirement planning and 18% believing that equity release would.
Equity release was also seen to be the main area for growth. Almost 95% of advisers thought that people retiring within the next ten years, were likely to consider using equity in their properties to supplement their income.
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