Happy retirement: Why financial planning is crucial post-pensions freedom

Investors have more opportunity to shape their own individual retirement journey than ever before. What was once a transactional process to turn accumulated savings into income has become a longer-term process, which requires a new, ongoing approach to managing their retirement income. However, this places more pressure on investors to ensure their choices are based not only on their own requirements, but also the needs of any financial dependents and potential recipients of any pension amounts that are not used for income. When most investors were expected to buy an annuity at ret...