Pre-retirement

  • Your income will be flattening off in real terms, albeit it at a relatively high level, as you are possibly at, or near, as senior a position in your chosen career as you are likely to achieve and promotions become few and far between.
  • Expenses will often have peaked and be starting to fall as mortgages are paid off and children leave home, so it can be a period during which your disposable income increases quite markedly.
  • This increase in disposable income can provide an opportunity to ‘turbo-charge’ your financial planning with a much larger input of capital than has previously been possible as you ‘run for the line’ that is retirement.
  • With a limited and decreasing time remaining before retirement, you will be trying to strike the right balance between a desire to achieve strong returns and managing risk, with advice being key to ensuring that the risk management correctly lays the groundwork for how your financial plan will transition into retirement.

Typical services used

  • Workplace and personal pensions
  • Short-term savings e.g. deposit accounts and cash-based Individual Savings Accounts (ISAs)
  • Medium-term savings e.g. investment-based ISAs, General Investment Accounts, Offshore Bonds
  • Retirement Options preparation
  • Cashflow modelling