In this episode of Money Wise UK Podcast, we welcome back Richard Parkin, Head of Retirement at BNY Investments. Following the October Budget and his latest research with NextWealth on Retirement Advice, Richard shares key insights shaping the future of retirement planning.
Key findings from the research include:
🔹 47% of advisers feel compliance with the thematic review limits their ability to meet client demand.
🔹 28% of advisers have no plans to adopt a standardized retirement advice model.
🔹 40% of advisers continue using the same portfolios for decumulation as they do for accumulation.
We dive into these findings, discussing the role of annual reviews, industry trends, and what the future holds for retirement advice. Whether you're an adviser or an individual planning your retirement, this episode offers valuable perspectives from both sides of the conversation.
💡 Resources:
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📢 Disclaimer: This podcast does not provide financial advice. Please consult a financial adviser for personalized guidance. Investments can rise and fall, and past performance is not a reliable indicator of future returns. Any company mentions are for discussion purposes only and do not constitute recommendations.