![]() |
New research by Canada Life has found that almost a fifth of UK adults (17%) who have received financial advice are prioritising making sure they can spend every penny of it in retirement without fear of running out. More than 1 in 10 (13%) will also consider how much of their children’s inheritance they can spend in retirement. However, almost a quarter of respondents (23%) are prioritising building their savings in retirement, a sign that many could be worried about the current suitability of their retirement income. |
The most common priority amongst more than half of those who had received advice was making sure their money lasts throughout their retirement (54%). This was followed by ensuring they have a sustainable income (51%) and managing the amount of risk they take with their income (26%). Sean Christian, MD and Executive Director, Wealth Management Division at Canada Life comments: “This research shows we as consumers have multiple priorities for our retirement funds and one size clearly doesn’t suit all. The desire to ensure our savings last as long as we do naturally becomes important. But planning your finances and balancing the need to enjoy what you have without fear of running out of retirement funds is always going to be a tricky balancing act.
“Establishing a close relationship with a financial adviser will help those approaching and in retirement to feel confident about how their income will last. This certainty, combined with the flexibility to adapt your plans in confidence as life and financial needs change during your retirement journey is crucial. Having the right product solutions available which are flexible enough to adapt to any change in circumstances, is also key. Blended pension products that combine guaranteed annuity income with the ability to draw down are great solutions in achieving this level of flexibility.” |
|
|
|
Capital excellence in the capital - S... | ||
London - Negotiable |
Life Reinsurance Associate - Bermuda | ||
Bermuda - Negotiable |
Life Reinsurance Director - Bermuda | ||
Bermuda - Negotiable |
Scotland - the price is right! | ||
Scotland / hybrid 2-3 dpw office-based - Negotiable |
Projects Actuary | ||
South East / hybrid 1-2 dpm office-based - Negotiable |
Technical Business Analyst - Internat... | ||
Bermuda - Negotiable |
Senior Pensions Manager - Assurance | ||
Flexible / hybrid 2-3 days p/w office-based - Negotiable |
Head of Pricing | ||
London - Negotiable |
Consultancy Bonanza! | ||
UK-wide / London / hybrid - Negotiable |
Service Delivery Manager - Pensions | ||
Scotland / remote / 2 dpm in the office - Negotiable |
Life Actuarial Student – Risk | ||
Glasgow / hybrid 2 dpw office-based - Negotiable |
ALM Strategy Specialist | ||
Bermuda - Negotiable |
Senior Casualty Reinsurance Actuary | ||
London - £140,000 Per Annum |
Senior Pensions Administrator - Midlands | ||
Birmingham / hybrid - Negotiable |
Senior Pensions Administrator - Scotland | ||
Scotland / hybrid 2 days per month office-based - Negotiable |
Investment Analyst | ||
South East / hybrid - Negotiable |
International Capital Management Actuary | ||
Bermuda - Negotiable |
VP Reserving Actuary | ||
London - £150,000 Per Annum |
Calling all BPA analysts! | ||
North West / hybrid 50/50 - Negotiable |
Financial Planning & Analysis Actuary | ||
London/Hybrid - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.