Of course, financial advice is the best way of planning for retirement and working out how much to draw down and/or annuitise.
However, the real risk is that without greater access to regulated advice, and/or smart application of digital tools and modelling, the numbers living in poverty in retirement can only rise from the more than one in three (35 per cent) of Brits already heading for this predicament in retirement, according to Scottish Widows’ report.
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Paul Muir is the products director at Dunstan Thomas
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