The cost of living crisis has forced most people to make changes to their everyday lives.
And, through our latest research report, we can reveal how economic uncertainty is transforming journeys to retirement – as well as experiences of life after work.
As part of this expansive study, we’ve spoken to almost 6,000 British people. We’ve captured the voices of our nation’s diverse population, including those who take professional financial advice.
Why you should read this research
The last 12 months have delivered yet another year of uncertainty. Indeed, we’ve moved out of the pandemic and into a cost of living crisis.
Against this backdrop, you’ve probably been speaking to your clients about the ongoing market volatility and the pressures they may be facing with their finances.
As the economy continues to show little sign of recovery, you may be expecting these conversations to remain a key focus for your business heading into the new year. Our findings can give you rich insight and stimulus to help with these discussions.
The key takeaways
We believe there are three key themes which would be of most interest to you – and your clients:
1. People feel the benefit of advice in a time of crisis
Our findings clearly show that, in these challenging times, those who talk to an adviser are consistently more likely to feel positive about their finances and carry less worries about their life after work.
2. People are looking for more certainty of income
Through this period of uncertainty, advised clients are among the most likely to hope for certainty of income in retirement – and many are willing to give up potential investment gains in the future to secure it.
3. People want more guidance and advice
Many people already feel overwhelmed with the information they receive about their retirement planning. And, if they’re to successfully navigate the challenges that lie ahead, they want more help to make good financial decisions.
Get your copy of the findings
To discover more, please take a look at our full research report.
The information on this site is for qualified financial advisers and must not be relied on by anyone else. If you are not an adviser please go to our customer website for more information about our products and services.