This might be through formal mechanisms in the case of an inflation-linked annuity or through an expectation that market growth will keep pace with inflation over time.
The good news is that the rise in interest rates has also brought with it a wave of product innovation, bringing more flexible solutions onto adviser platforms at lower cost.
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This is accompanied by improvements in the available cash flow modelling tools, presenting the adviser with a real opportunity to add value to their clients in retirement.
Mark Northway is investment manager at Sparrows Capital
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