Upcoming retirees at risk of poor outcomes without advice, report says

BNY Mellon finds pre-retirees will find it ‘increasingly difficult’ to plan without advice

Jasmine Urquhart
clock • 4 min read
BNY Mellon finds increasingly complicated needs mean upcoming retirees will need advice to manage their expectations
Image:

BNY Mellon finds increasingly complicated needs mean upcoming retirees will need advice to manage their expectations

People of working age are increasingly at risk of poor retirement outcomes, a report from BNY Mellon Investment Management (BNY Mellon IM) has found.

The report, which surveyed 202 retirement-focused advisers and interviewed 64 consumers aged 45 to 70, found retirement prospects are facing "growing complexity" among this group, with the majority...

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 Defined Contribution

Partner Insight: Getting retirement guidance right – the future of DC depends on it

Partner Insight: Getting retirement guidance right – the future of DC depends on it

Philip Smith, DC Director, TPT Retirement Solutions
clock 01 August 2025 • 6 min read
Partner Insight: Pensions and affordable housing - Pro-active builders of the future

Partner Insight: Pensions and affordable housing - Pro-active builders of the future

Jayesh Patel, Head of UK DC Distribution, Legal and General
clock 01 August 2025 • 9 min read
Partner Insight: L&G's DC buyers' guide for private markets

Partner Insight: L&G's DC buyers' guide for private markets

Part 2.The value of quality

Martin Dietz, Head of Diversified Strategies, L&G and Jayesh Patel, Head of UK DC Distribution, L&G
clock 30 July 2025 • 7 min read
Trustpilot