Advisers urged to encourage 'frugal' retirees to spend more
6.4% of over 80s saving for end of life needs
Financial services should provide adequate guidance to enable people to spend both comfortably and confidently in retirement - Abraham Okusanya
Timeline CEO Abraham Okusanya has warned that retirees spending too little is as big as a problem in spending too much and that advisers play a crucial role in getting the balance right.
In a white paper, titled Retirement Spending Pattern - Implications for Retirement Income Sustainability, Okusanya outlined the patterns and trends in how expenditure changes in retirement. He referred...
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