Elsewhere, the research also found the most common client concern for clients was exhausting retirement savings early.
Some 53 per cent of advisers said their clients were concerned about running out of money before they die, which has risen above worries over health and longevity compared to the previous year.
Cameron added: “Some advisers note that recent market volatility and wider economic uncertainty has meant delivering on clients’ minimum income requirements has been a challenge
“Looking ahead, there is further uncertainty about the economic outlook, with prices soaring and interest rates low albeit slowly rising. Advisers will have a key role in assessing how this could impact their clients’ ability to meet income requirements, and potentially adapt their strategy accordingly. “
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