Defaqto' Retirees would benefit from bespoke advice
14/12/2011
Topic: Retiring soon
People in retirement require tailor-made advice as their circumstances can vary greatly particularly as life expectancy has increased, it has been suggested.
The impact of inflation, investment returns, health and the needs of dependents all make it necessary for advisers to provide bespoke recommendations, Defaqto has claimed.
The financial research company’s Insight Analyst for Wealth Management Andy Leggett said: “The retirement sphere has moved from a collectivist position to one where the emphasis is on individual responsibility.
“Planning is very complex where so many variables are involved, particularly when make of these are unknowable.”
As such, the expert recommended that people thinking ahead about retirement should seek advice well in advance of its approach.
It is also preferable to continue to seek advice throughout retirement as the climate changes, particularly with regards to inflation rates and expectations, Mr Leggett concluded.
Yesterday (December 13th), figures from the Office for National Statistics showed the inflation rate stood at 4.8% in November, compared to 3.3% for the same month in 2010.
Posted by David Shuker
The impact of inflation, investment returns, health and the needs of dependents all make it necessary for advisers to provide bespoke recommendations, Defaqto has claimed.
The financial research company’s Insight Analyst for Wealth Management Andy Leggett said: “The retirement sphere has moved from a collectivist position to one where the emphasis is on individual responsibility.
“Planning is very complex where so many variables are involved, particularly when make of these are unknowable.”
As such, the expert recommended that people thinking ahead about retirement should seek advice well in advance of its approach.
It is also preferable to continue to seek advice throughout retirement as the climate changes, particularly with regards to inflation rates and expectations, Mr Leggett concluded.
Yesterday (December 13th), figures from the Office for National Statistics showed the inflation rate stood at 4.8% in November, compared to 3.3% for the same month in 2010.
Posted by David Shuker
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