It is Time to Talk – Retirement Plans
It's predicted that by 2034 a quarter of the UK population will be 65 or over,* with life expectancy expected to reach around 90, in some parts of the UK.** Add Pension Freedom to the mix, there is a lot for your clients to consider when making plans for their retirement.
Not long ago, Flexi-access Drawdown used to be restricted to those with large pension pots. However, since Pension Freedoms we have seen Flexi-access Drawdown become increasingly popular with retirees and drive an even greater need for financial advice. Against this backdrop our Class of 2017 research looks at the thoughts and attitudes of those people planning for their retirement.
*Source:National Population Projections:2014 - based Statistical Bulletin **Source:NHS news/Office for National Statistics - April 2015