Either way, an acceptance that retirement has become more complex is a starting point, while a forensic understanding of client priorities will be crucial in determining the right balance. Retirement strategies will need to evolve.
1 Source: Pensions Age, October 2023.
2 Pensions Policy Institute. Briefing Note 134 – Lost Pensions 2022: What’s the scale and impact? 27 October 2022
3 Source: 26 October 2022, Ten years of Automatic Enrolment in Workplace Pensions: statistics and analysis
4 Source: Nationwide Building Society, UK House Price Data, as at Q3 2023.
5 Source: IFS, June 2022.
6 Source: IFS, November 2023.
7 Source: Hargreaves Lansdown, September 2023.
8 Source: Research conducted by NMG Consulting for BNY Mellon IM between June and July 2023, based on responses to an online survey with 202 retirement-focused financial advisers. Question: How do you think clients' financial needs for retirement might change in importance over the next 1 to 3 years?
Important information.
For Professional Clients only. Any views and opinions are those of the author, unless otherwise noted. This is not investment research or a research recommendation for regulatory purposes.
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