View more on these topics

Over half of IFA clients have three or more pension schemes

Over 50 per cent of IFA clients have three or more pension schemes with just 12 per cent of clients only having one pension scheme.

According to research from MetLife, more than half of an IFA’s client base has multiple pension arrangements with clients typically having money invested in a range of company and personal schemes.

The research, which surveyed 100 advisers across the UK, found that 32 per cent of IFA clients hold two schemes, 42 per cent of clients have three schemes while 11 per cent claim to have four or more.

The average number of pensions schemes held by clients works out at 2.57 and MetLife says these findings represents a major opportunity for IFAs.

MetLife Europe head of communications Rosy Atal says: “The number of clients with multiple pension schemes demonstrates the need for expert advice on maximising retirement income.

“People moving jobs will typically accumulate a number of different pension schemes and these may be defined benefit or defined contribution. People in that situation would benefit from advice.

“No two clients are the same but it is clear from this research that many have multiple pensions and should be considering how best to plan for their retirement.”


FSA continues probe into clawback debts

The FSA has warned that it will continue to monitor firms with product provider clawback debts after finishing thematic work that resulted in 11 firms being forced into taking remedial action.The FSA said at Money Marketing Live last autumn that it was collecting information from providers on adviser firms with big clawback debts.The work has […]

A logical approach

Most firms simply want to know, how does it affect me? And, if it does affect me, what should I be doing about it?

RDR arguments rattle on

A month into the Retail Distribution Review consultation and the arguments surrounding the controversial issue of remuneration are being developed by the industry ahead of a long hard summer and autumn of lobbying.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm