Annual ‘Financial Planning Through Retirement' study in its third year
The Association of Independent Financial Advisers (AIFA) and Prudential UK have today invited members of AIFA to the launch of this year's ‘Financial Planning Through Retirement' Benchmarking Study.
The launch will take place at Governors House in the City of London on Wednesday 19 October at 8.30am. Speaking at the event will be the industry experts who sat on the steering group and helped analyse the research including Kevin Gates, Gates Financial Services, David Cartwright, Bluefin, Paul Fife, Equus IFM, and Barry O'Dwyer from Prudential.
AIFA and Prudential have conducted this industry-wide review of the ‘at retirement' landscape for the past three years. This study is an in-depth and focused review of 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.
This year, some of the findings examined cover particular concerns including:
the availability of advice and the emergence of "DIY" retirement planning,
greater uncertainty for those retiring
lack of understanding - a continuing challenge and particularly for those with less than £25k to inves
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."
AIFA members can RSVP by contacting Charlotte Edwards at charlotte@aifa.net or on 0207 826 9044.
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