Learning a lesson

Retirement planning involves the most important and yet most complex financial planning decisions many of us make. The horror story described here reflects the experience of many retirement investors and advisers over the last 15 years. The question we are asking is “What would we do differently today?” Transfer from defined benefit to defined contribution pension arrangements, combined with low interest rates and increasing life expectancy means an increasing number of retirement investors face a complex balance between the need to generate sufficient income without exposing themselves ...