The introduction of the pension freedoms in April 2015 means planning an income in retirement is far from straightforward. Here we present some ideas and analysis on how clients can successfully navigate a life stage that can last 30 years or more.
A quick overview of the reports available below, that investigate key retirement themes and challenges for financial planners and their clients:
As people begin to reflect on their life after work, they’re often consumed by one question: How much do I need for a comfortable retirement? In this report we look at the impact of different risk factors and how retirees could manage or underwrite these risks to make the most of their retirement savings.
This report considers the options available if a savings shortfall is identified some years out from retirement. The most common options are saving more or retiring later. In the case of the former, which products are the most effective? There are also other solutions available which can shore up retirement finances. As retirement approaches, advisers should take a holistic view of the client’s assets to create a comfortable retirement.
Download nowThis report explores some of the issues raised in the FCA’s review, together with other potential pitfalls, to ensure retirement planning processes are robust. For many advisers, this report will be a checklist against which to validate their practices and processes. But none of us are infallible. It’s important that, collectively, we do all we can to prepare and protect clients at this critical stage of their life.
Download nowIn its thematic review of retirement income advice, the FCA raised concerns about the blanket use of withdrawal guide rates without accounting for individual circumstances. This new report examines the variables that determine a sustainable withdrawal rate and how these can be applied in practice. It describes how rates could be modified to take account of general issues like charges, asset allocation and inflation together with personal circumstances like age, health and overall wealth.
Download nowInflation can have a profound impact on the finances of retirees and its influence is widespread. In this special report, we examine crucial issues such as:
The word ‘unretired’ has recently entered the financial services lexicon. It’s used to describe people who’ve left the workplace to retire and subsequently decide to return to work. This is just one part of a fluid movement towards a more progressive concept of retirement. Increasingly, people no longer stop work abruptly one day and retire the next. This creates new challenges for financial advisers which we are addressing in this report.
Download nowThere are a number of ways advisers can help clients navigate the perils of retirement, however it’s clear that no one size fits all. In our insightful report Help your clients survive retirement, we review how the thinking around sustainable withdrawal rates has changed.
Download nowRetirement these days is no longer a single event. The initial transition to retirement could involve several twists and turns and require regular reviews. This report charts some of the issues that can arise and their possible impact. We’ve also included a checklist you can use to compare with your own process.
Download nowIn this webinar, our panel of experts considers the FCA’s Thematic Review of the Retirement Income Advice Market and what the implications are for advice firms. They also discuss the income options on offer and whether new solutions should be considered.
45-minute watchWe gathered a panel of industry specialists and advisers to talk about the many different influences that will play a part in how your clients live, save and spend during retirement. Tom McPhail from the lang cat, Sam Secomb from Women's Wealth and Toby Bentley from Lathe & Co answered questions from Fidelity’s Head of Retirement and Savings Development, Paul Squirrell.
43-minute watchWe’ve created a number of guides to support your client conversations on pensions and retirement income planning.
All your clients need to know about making withdrawals from their pension, including all the income options open to them.
A detailed look at drawdown from how it works to the advantages and drawbacks. We also compare it to other income options.
A guide for clients who are thinking about accessing their pension pots and are wondering how tax could affect their payments.
Paul Squirrell, our pension expert, clarifies the rules relating to some specific areas of retirement planning.
This section is designed to help anyone studying for pension exams or wanting to build their pension knowledge.
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