Inflation
Inflation drives cost of retirement up 20%
Clients may need to rethink their financial plans for later life
BoE split as majority vote to raise interest rates to 3.5%
Two committee members backed no change, while one favoured a 75bps rise
HNW clients fret over recession threat
Wealthy investors are in a ‘state of paralysis’ but it is ‘not the time to shy away’
Eye-watering inflation will widen advice gap
Advisers have identified it as the ‘single biggest challenge’ they currently face
Interest rate rises force investors to turn to advisers
Expertise and experience of financial professionals is ‘crucial’ during turbulent times