Aifa launches retirement study
The Association of IFAs (Aifa) and Prudential UK launch a financial planning through retirement benchmarking study.
Aifa and Prudential have conducted this industry-wide review of the at retirement landscape for the last three years.
The review examines the practical aspects of decumulation advice and guidance to consumers.
It analyses how the market is changing, the industry’s response to this change and the top-level trends with which all advisers should be familiar.
Stephen Gay, director general of Aifa, said: “This year the report includes case studies of IFA firms that are focused on the retirement market to understand how advisers are tackling the decumulation area.
“We have also looked at those consumers facing retirement with less than £25,000 of pensionable assets to see how their attitudes to retirement differ from those with larger pension pots.
“As we have previously found, there is a huge market opportunity for adviser firms. Working with Prudential we want to ensure advisers have the best understanding of the changes in this market and are appropriately positioned to deal with them.”