Link: Smart Money September & October 2017 (opens as a pdf)
Welcome to our latest issue of Smart Money. Will you be one of the six million workers who will have to work an extra year before retiring after the Government announced that it would be extending the retirement age to 68?
On page 04, we look at the new plans announced in July this year and how they could affect you. A combination of increases in life expectancy and the growing number of retirees relative to the working-age population means that individuals will now have to save harder for their own retirement.
With historic ultra-low interest rates on savings, many investors over the past decade have turned to income-paying funds as an alternative to cash-based savings. On page 08, we consider how our changing life plans and priorities mean we now encounter varying income needs and goals throughout our life and, when investing, how certain innate behavioural traits influence our decision-making.
New research finds consumers could be missing out on thousands of pounds in retirement by not shopping around for their pension product. This means their pension pot may not stretch as far as they hope it will, yet a significant proportion of people expect their retirement income to cover much more than just the essentials. Turn to page 11 to read the full article.
The full list of the articles featured in this issue appears on page 02.
To discuss any of the articles featured in this issue or your wider financial planning requirements, please contact us on 01792 483860 or email us at firstname.lastname@example.org