Aegon Adviser Attitudes Report 2021

‘Stick to plan’ the overwhelming advice 86% of advisers recommended that their clients should stick to their financial plans, with only a small number ( 6% ) recommending switching investments, changing retirement plans ( 3% ) or changing product ( 1% ). What is the action you have most recommended to clients following the Coronavirus outbreak? Stick to their plan Switch investments Change retirement plan Change investment product Cash in savings Other 86% 6% 3% 1% 0% 3% Retiring and retired clients impacted most significantly When asked whether they’d seen a change in their clients’ retirement plans as a result of the Coronavirus, most advisers said that they saw no change, but a significant number ( 24% ) said more clients opted to delay retirement, 39% said more clients opted to reduce their retirement income and 24% said more clients opted to retire early. Proportion of advisers who say more clients opted to: Reduce retirement income Delay retirement Retire early 39% 24% 24% These figures make clear the immediate impact that the Coronavirus had on people’s financial plans – particularly where clients were reliant, or soon to be reliant, on investment income. Aegon adviser attitudes report 2021 37

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