January 2020 Roadshows in association with lang cat

3 min read 28 Feb 20

We went on the road for a few weeks at the start of this year to meet and discuss your challenges and successes around retirement planning. We invited experts Mark Polson, Sir Steve Webb and Sarah Pennells of Royal London, to share their insights and lead our debate on Planning for a sustainable retirement income.

The focus was on how regulation and a changing – and ageing population – are making planning for a sustainable retirement income increasingly challenging.

We shared some interesting case studies generated from research carried out for us by the lang cat as well as a policy paper from Royal London on intergenerational wealth, that we thought you might find interesting.

Read any of our five adviser insights case studies to find out how other firms are managing challenges of retirement planning, sustainable income, intergenerational wealth and more.

With the retirement income market an area of continued growth and focus, we wanted to better understand how advisers are dealing with the broad spectrum of needs, priorities, risks and options to be considered with and for their clients. In short, their retirement philosophy. Working with our friends at the lang cat, we spoke with a number of advisers to find out what a centralised retirement proposition (CRP) means to them, how it may (or may not) fit into their proposition and their views on some of the key themes around retirement income planning.

Case Studies

A Chartered Financial Planner working with higher net worth clients. Average client age is approximately 51 and assets are broadly evenly split between accumulation and retirement (58%/42% respectively).

Read case study 1

A Chartered Independent Financial Planner, working primarily with business owners and the self employed. Around 28% of client funds are currently in drawdown/providing an income in retirement.

Read case study 2

A firm of Chartered Financial Planners with AUA of £300 million, working mainly with later life clients, the average age of which is around 67 years old.

Read case study 3

A group of independent financial advisers with AUA of £179m. The majority of the firm’s clients are in retirement.

Read case study 4

A firm of Chartered Financial Planners offering comprehensive independent financial advice with £150 million AUA. The firm’s clients are, on average, between 55 and 60 years old. Around 60% of the client base is in decumulation.

Read case study 5

The lang cat slides

How firms are putting centralised retirement propositions together
View the slides

Royal London Policy Paper 12

Will harassed ‘baby boomers’ rescue Generation Rent?
View the Policy Paper