Recent stockmarket movements have kept the world transfixed in recent weeks. We have seen nerve shredding losses mixed with record breaking highs that have terrified all but those with the very strongest constitutions.
Such huge changes bring challenges for financial advisers working with clients on retirement planning portfolios. I'm sure many advisers have had to spend much of their time trying to soothe their clients' frayed nerves over the future of their retirement investments.
The good news is that for those with some time to go before they retire their investments will have time to recover while advisers will have to work closely with older clients to see what can be done to alleviate the damage done. One thing is for certain - there has never been such a strong need for good quality financial advice and the investment guidance given now will have far reaching effects on your clients' financial well being in retirement.
Stockmarket volatility will be with us for some time yet and there's sure to be plenty more developments along the way. However, while there will be challenges there will also be opportunities for advisers to really add value to their clients retirement planning.
£300bn of liabilities
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Transfer from occupational scheme
Appointed by FCA and PSR boards