Client confidence boost from advice review in retirement fades after six months

A study by Wealthtime, an adviser platform business, found widespread uncertainty about how much can be sustainably spent in retirement to make sure the money lasts while enjoying life. Taking advice provides valuable reassurance about spending behaviour, but the data suggested even then the positive effects were only temporary, pointing to the need for regular reviews. Among advised retirees, half (50%) say the confidence they feel following an advice review will fade within six months, including more than a quarter (27%) who say it fades within three.  Even when advisers tell cli...