Financial advisers have a “powerful opportunity” to guide clients through client fears when it comes to retirement, behavioural specialist Dr Tom Mathar has said.
This comes as research from Aegon has found that as retirement becomes more flexible and personalised, a "surprising" challenge is emerging: many people find it hard to spend the money they've spent decades saving. It showed that UK adults' associate anxiety (26%), fear (18%) and guilt (15%) with spending retirement savings. This compares to spending retirement savings associated with the positive emotions of excitement (15%), or security (17%) or relief (10%). Speaking in the latest episode of Aegon's Money:Mindshift podcast, TFP Financial Planning director and host of Humans vs Ret...
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