Nearly half of farmers plan to seek financial advice amid pension concerns – NFU Mutual
The study found 36% of all customers planned to seek financial advice soon, rising to 48% among farmers.
Almost half of farmers said they planned to seek financial advice in the next six months, mainly due to concerns over pensions, a study by NFU Mutual found.
62% of customers said international tensions had affected their view on saving and investing, up from 36% in November 2024.
Many also expressed worries about ongoing stock market volatility.
The study also found that 36% of all customers planned to seek financial advice soon, rising to 48% among farmers.
Pension savings were the main concern for farmers.
44% of farmers said they had not made extra payments into savings or investments in the last three months.
Many said they were focused on loan repayments instead.
Inheritance tax changes remained a worry for some, with some customers saying they had decided to spend their savings to avoid the tax, and others looking to maximise their cash ISA allowances in case of more changes in future.
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