Welcome to our final issue for 2016. This year has once again rapidly flown past – which is something we say around this period each and every year – and reinforces time as the most valuable commodity when it comes to implementing any financial planning strategy.
Have you considered all the potential costs of retiring? Some people find their expenses fall once their working life ends, but it’s important not to automatically assume that all your expenses will go down – some may increase, such as heating and leisure costs. The constantly evolving landscape of legislative change provides both challenges and opportunities in the retirement planning process.
We take another look at how the pension reforms that came into effect on 6 April 2015 could impact on your retirement plans. Few of us really have the time or inclination to understand the vast number of different investment products available on the market and consider what the best options are to suit our particular objectives.