Two thirds (67%) of UK financial advisors believe clients will postpone retirement, according to a new survey. Thre quarters (75%) blame the cost of living as a worry for clients when thinking about retirement income. And 29% are aware that concern among retired customers about providing for their families is rising. The report was compiled by NMG Consulting for BNY Mellon Investment Management, whose head of retirement Richard Parkin says: “The higher cost of living coupled with poor market performance means clients need their advisers to help them get more from less. While we expect these challenges will continue driving demand for retirement advice, advisers are having to help clients reassess what retirement means for them and build realistic plans to achieve this.”

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