Overview
Technical resources
Tax planning opportunities for 2024/25 Replacement of the lifetime allowance Retirement Income Pension Forum The Platform Clinic Pension, retirement and tax planning Pensions tax relief and annual allowances The beneficiaries flexi-access drawdown conundrum Retirement and pensions training Personal tax and trust planning training
Technical hub Retirement income Regulation, due diligence and compliance Training support
Technical matters
Technical matters
Tax planning opportunities for 2024/25 Replacement of the lifetime allowance Retirement Income Pension Forum The Platform Clinic Pension, retirement and tax planning Pensions tax relief and annual allowances The beneficiaries flexi-access drawdown conundrum Retirement and pensions training Personal tax and trust planning training
More support
Paraplanner technical hub
Paraplanner technical hub
Technical hub Retirement income Regulation, due diligence and compliance Training support
Retirement strategies
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.
Navigating the retirement maze
A quick overview of the seven reports available below, that investigate key retirement themes and challenges for financial planners and their clients:
1. How much does a comfortable retirement cost?
2. Countdown to retirement
3. Sustainable withdrawal rates for drawdown clients
4. The impact of inflation on retirement planning
5. Reinventing retirement
6. Help your clients survive retirement
7. The path through retirement
How much does a comfortable retirement cost?
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.
Countdown to retirement
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 nowSustainable withdrawal rates for drawdown clients
In 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.
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The impact of inflation on retirement planning
Inflation 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:
- Is the inflation rate at the start of retirement potentially as damaging as sequencing risk?
- Should retirement income be fully protected throughout retirement?
- Given annuities are impacted by inflation, do increasing annuities offer value for money?
Reinventing retirement
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.
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Help your clients survive retirement
There 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 nowThe path through retirement
Retirement 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.
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Navigating the current retirement landscape
We 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-min watchSupporting your client conversations
We’ve created a number of guides to support your client conversations on pensions and retirement income planning.
Making a withdrawal from your pension
All your clients need to know about making withdrawals from their pension, including all the income options open to them.
A flexible retirement income for whatever the future holds
A detailed look at drawdown from how it works to the advantages and drawbacks. We also compare it to other income options.
Explaining how pension withdrawals are taxed
A guide for clients who are thinking about accessing their pension pots and are wondering how tax could affect their payments.
Related content
The Pension Forum
Paul Squirrell, our pension expert, clarifies the rules relating to some specific areas of retirement planning.
Retirement and pensions training
This section is designed to help anyone studying for pension exams or wanting to build their pension knowledge.