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Economic strife and longevity drive demand for retirement advice

Increased demand for retirement advice is being driven by the UK’s ageing population and continued economic uncertainty, according to latest research.

LTA changes spark surge in demand for retirement advice

Changes to tax policies linked to retirement, such as the abolition of the lifetime allowance (LTA) have resulted in increased demand for financial advice for half of firms in the space, research has found.

Dynamic Planner named the most used risk profiling tool by advisers

Dynamic Planner is the highest used technology solution that advisers use for risk profiling for clients in accumulation and decumulation, NextWealth has found.

Most advice firms use risk profiling tools but recognise limitations

More than three quarters (77%) of advice firms use a risk profiling tool to help identify their clients’ attitude to risk, according to NextWealth.

Advisers urged to use different approaches for spenders and savers

Most advisers use the same profiling tool and set of questions for clients in accumulation and decumulation, NextWealth has found.

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