Retirement advice accelerates in its importance to advisers’ businesses – read our report

For intermediaries only

It’s an unavoidable fact that the UK population is getting older. By 2024, nearly 14 million people will be 65 or older, a figure equivalent to 20% of the UK population.1

Combine this with pension freedoms and the many choices people have over how and when they retire and it’s no surprise that 60% of advised investable assets are now managed on behalf of retirees.2

With the need for retirement advice not looking likely to slow down any time soon, we’re delighted to sponsor Next Wealth’s new Retirement Advice in the UK report, which draws on the findings of research carried out with over 200 advisers. In the report you’ll find in-depth insight into propositions, investment approaches and challenges that advisers are facing when advising retirees.

The report covers key themes, including:

  • the growth of Centralised Retirement Propositions;
  • the portfolios advisers are using with retirees;
  • the role of guaranteed income in retirement, and
  • the potential challenges advisers see from recent FCA proposals relating to defined benefit.

We hope you find this report an insightful read - for further research, guides, developments and articles designed to help you navigate the latest industry changes, developments and issues visit aegon.co.uk/advice-makes-sense.

Next Wealth is a research, consultancy and thought leadership business with a focus on looking at trends in retail investing and a particular focus on the financial advice market.

1 Source: 2014-based National Population Projections, ONS.

2 Source: Retirement Advice in the UK report, Next Wealth, January 2020