 Are you treating spenders differently to savers in your retirement advice process? As your clients transition from saving to spending, their financial needs and key risks change, for example:
- longevity risk – the possibility of clients outliving their savings, and
- sequence of returns risk – the order of investment returns impacting portfolio sustainability.
The recent thematic review on retirement advice highlights these risks, emphasising the need for tailored strategies in retirement planning.
Just’s Mitigating retirement risk beyond investment risk guide outlines why a different approach from traditional investment strategies is necessary for clients in decumulation.
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