Advising clients about their retirement planning is becoming a more complicated task. Karen McCaffrey, managing director of JLT Wealth Management, offers some advice.
When it comes to advising clients about saving for retirement and then reviewing a client’s options at retirement, advisers have far more to think about than they ever used to. With the constant changing of contribution limits, new carry forward rules, the lifetime allowance, the introduction of flexible drawdown, reductions in GAD levels and gilt yields, it is imperative that advisers present their clients with all appropriate information. 1 Should you make pension contributions? Advisers will look at many different savings vehicles but pensions will still be a sensible option for ...
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