News

Survey finds adviser-client mismatch on retirement

RetirementAlthough a large majority of Asian investors in a survey said they were considering retirement planning, two-thirds of financial advisers in a similar poll said they observed a low demand for such services. The survey of investors in Hong Kong, Japan, Singapore and Taiwan found that 81% said they thought about retirement planning while a further 71% said saving for retirement was a financial priority. Yet 66% of financial advisers who were contacted as part of the same research project said demand for retirement planning services was low. “This gulf in perception and attitudes is instructive,” said Wina Appleton, Asia Pacific retirement strategist at JP Morgan Asset Management, which arranged the survey. “It suggest individuals are aware that they may face a retirement savings shortfall, even if they don’t know how to start or maintain a plan for their long-term financial future.” A total of nearly 3,000 investment professionals and individual investors participated in the survey, which was carried out early this year in person and online. ©2018 funds global asia

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