Advising on retirement issues is set to become an increasingly important area for advisers over the coming years. As the general public look forward to spending a growing number of years in retirement it is imperative that advisers work closely with their clients to ensure they are making the right financial decisions.
However, the retirement marketplace is a vastly complex one and the adviser has much work to do when researching the best products for their individual clients. In addition to devising the best asset allocation for their client's investments, advisers also have other issues to bear in mind. Increasing property prices mean that more people will find themselves subject to inheritance tax and care needs to be taken to mitigate this liability as much as possible. Equity release is also becoming an attractive option for those looking to supplement their retirement income though many clients remain wary of this option and more education is needed to heighten awareness of these products.
Clients are also being faced with a dizzying array of options to choose from when taking their retirement income. As well as looking at the different kind of annuities on offer advisers and their clients must also take into account the further options of unsecured pension or alternatively secured pension as well.
Innovation has moved quickly in this market and the adviser must do all they can to keep up with the latest developments. However, despite the wealth of information available advisers work under strict time constraints and it is not always possible for them to leave the office to attend seminars and conferences. With this in mind I would like to take the opportunity to invite our readers to log on to the forthcoming Retirement Planner e-symposium. The event takes place online on the 22 October and goes through the different retirement tools available to advisers and their clients. From the comfort of your desk you can hear speakers including the IFP's Nick Cann, Suffolk Life's John Moret and Living Time's Kim Lerche-Thomsen talking about the latest developments in the retirement planning space. Topics under discussion include investment, annuities, SIPPs and third way products. The event begins at 9am and lasts until 1.40pm. As the event takes place online you can listen to the presentations in your office and will also have the facility to put your questions to the speaker. You will also be able to interact with your fellow delegates in our online chatroom. To register for your free place at this event please visit the e-symposium site at www.retirementplanner.e-symposium.com
I hope that you will be able to join us for what promises to be an extremely interesting debate on the future of retirement planning.
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