Podcast #94: Boosting the uptake of advice in the approach to retirement, with TPT’s Philip Smith

Helping us to dig down into the topic of retirement is Sue and Meg’s guest on the IFA Talk podcast today, Philip Smith, Director of Defined Contributions, at TPT Retirement Solutions – one of the UK’s leading providers of workplace pensions.

The relatively poor take up of professional financial advice by those people approaching retirement is something that concerns all of us in the industry – and beyond it too.

But how can we try and improve things?  Why are people so hesitant or nervous or reluctant or whatever the reason, to take advice at one of the most crucial times in their lives?

In this conversation with Philip, we explore some of the main reasons why so few people approaching retirement will actually use an adviser, how advisers can boost the uptake of professional advice at this key point and also set out a wish list for what some of the biggest priorities might be for the new Labour government when it comes to DC schemes.

Listen on Spotify HERE

Listen on Apple Podcasts HERE

Disclaimer

IFA Talk is for financial professionals only. All material has been carefully checked for accuracy, but no responsibility can be accepted for inaccuracies. Wherever appropriate, independent research and whatever necessary legal advice should be sought before acting on any information contained in this podcast.

Value of investments and income from them go down as well as up, so you may not get back the amount you originally invested.