Planning for Retirement

The prospect of retirement has changed considerably over the years. We are living longer and spending more time in retirement, typically 20 to 30 years. As such, our retirement funds need to last longer than they did for previous generations. Fortunately, there are far more retirement options available compared with a few decades ago. Those options offer greater flexibility and choice on how to leverage your assets throughout retirement. 

Importantly, our wants, needs, and priorities change throughout retirement and we must plan accordingly. We can meet changing needs by managing savings and investments effectively, both before and during retirement.

Everyone’s plans for retirement look different, some may take a phased approach by gradually reducing their working hours, and others may embark on a new business venture. No matter what your plans are, one thing is for sure – we all need financial security in later life. 

Financial security in retirement is dependent on assessing, and accounting for, a wide range of factors including your goals, your risk profile, your capacity for loss, your investment time horizon, and so much more. 

Together we have a responsibility to make sure that your money lasts, so how do we achieve that?

Before Retirement

As you approach retirement it is important to accelerate your pension savings and aim to accumulate growth. You should also review your retirement plans with renewed focus to check if they are on track to meet your goals and expectations. 

We can review any of your existing pension provisions to see if they are working as hard as they possibly can for you.

During Retirement

Throughout retirement you can keep your funds invested while taking an income giving you the potential to continue growing your wealth, benefit from the effects of compound interest, and aim for your money to last*.

St. James's Place has created the InRetirement fund range to accommodate changing needs throughout retirement and help you to make the most of your investments. The InRetirement funds are suitable for clients who are making regular withdrawals from their investments and have some capacity for loss. 

To learn more about how the InRetirement funds are managed, and the benefits of these investment options, please contact us or download the guide here:

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select, and the value can therefore go down as well as up. You may get back less than you initially invested.

Please note that if the withdrawals taken exceed the growth of the pension the capital will be eroded. 

Tom Frizzell

Frizzell Wealth Management Limited
A Senior Partner Practice of St. James's Place Wealth Management
Discover how our tailored advice can help secure your finances today and deliver on your aspirations for tomorrow.