Retirement advice demand driven by market volatility

Aegon finds cost of living crisis and market volatility have driven an increase in demand

Jasmine Urquhart
clock • 3 min read
57% of advisers thought the current economic situation would lead to an increase in demand for advice
Image:

57% of advisers thought the current economic situation would lead to an increase in demand for advice

The cost of living crisis and market volatility is behind an increase in demand for retirement advice, Aegon has found.

The firm's fifth Managing Lifetime Wealth report - in collaboration with NextWealth - found retirement advice accounted for 58% of advised assets in 2023, up from 55% last year. The research loo...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Industry

Buzz: Is it a positive move the Pension Schemes Bill has passed into law?

Buzz: Is it a positive move the Pension Schemes Bill has passed into law?

Pension Schemes Bill, funded reinsurance regulatory requirements, and PASA accreditation

Professional Pensions
clock 05 May 2026 • 1 min read
WTW completes acquisition of Cushon following FCA approval

WTW completes acquisition of Cushon following FCA approval

Transaction means WTW now manages more than £30bn of master trust assets

Holly Roach
clock 05 May 2026 • 1 min read
Public voice must be heard when it comes to future pension reform, report says

Public voice must be heard when it comes to future pension reform, report says

Cross-industry group calls for the introduction of a citizens’ assembly on future of UK pensions

Martin Richmond
clock 05 May 2026 • 5 min read
Trustpilot