Advisers outline where govt priorities should lie

Almost two thirds (62 per cent) of financial advisers want greater priority given to implementing a ‘cold calling’ ban on pensions and almost six in ten (59 per cent) financial advisers are calling for greater government priority on a new deal on funding social care.

New research published by Aegon into where government should set priorities for savers as the country considers ‘life after Brexit’, also shows a total of 39 per cent of advisers wanted to see greater government attention on making homes more affordable to first time buyers and 35 per cent would like policymakers to advance pension saving initiatives for self-employed workers.

Aegon pensions director Steven Cameron said: “While Brexit will continue to dominate the government’s time in the months ahead, we can’t allow other policy initiatives which would benefit savers to be pushed back indefinitely. Financial advisers are ideally placed to highlight priorities in areas which will affect their clients’ future financial wellbeing.

“Advisers are clearly very concerned about the risks of individuals being scammed out of their pension savings by ‘cold callers’, and every month of delay risks more people losing their life savings to fraudsters.

“With people on average living longer, more of us will need some form of care in later life and how to share the costs fairly between the government and the individual, is one of our greatest societal challenges. The sooner the government sets out its proposals, the sooner advisers can help their clients plan ahead.”

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