Mar 1 2007
Concerns regarding planning for retirement have topped the list of worries reported to financial advisers, a recent report claims.
The Adviser Opportunity Survey from Prudential reveals that 54 per cent of advisers report retirement planning as the primary financial concern of their clients.
According to the survey, 40 per cent state that not having saved enough for retirement is the biggest worry reported by clients, while four per cent commented that their customers do not have any pension provision.
Ali Crossley, director of lifetime mortgages at Prudential, said: "Retirement planning is clearly still a core focus and people are increasingly realising that they may not have saved enough to support them when they retire."
She added that consumers can speak with financial advisers to learn about the number of different options available to them to enable them to save adequately for their retirement.
Earlier this year, Axa reported that a third of Britons refuse to plan their finances, while those that engage in planning often do not allocate enough time to this task.
