Portfolio retirements

As the dust settles on the radical freedoms Mr Osborne outlined in last Wednesday’s Budget at Enable of Bishop’s Stortford our IFA’s can see more clearly that the changes will give future generations the opportunity to be creative with their pension and other assets. It seems clear that the changes will significantly increase an already emerging trend of what is being called "portfolio" retirement income, where people combine paid work with regular income from property or other investments and annuities.

If you are planning for retirement there will be the challenge of choosing among a far wider range of investment possibilities but essentially everyone will still be trying to do as all retirees have always had to do and that it to make their assets last as long as is needed while generating the maximum income from them. One retirement specialist said recently: "Income planning for retirement is, and always has been, about delivering a sustainable income to meet a client's needs. And nobody wants their pension to expire before they do."

Enable’s Independent Financial Advisors imagine that annuities could very well still form part of a savers' overall retirement income plan - although in many cases they are likely to play a far smaller role and it will probably just be one of several income streams. If you want help, to work out portfolio future Enable’s IFAs might very well be able to help.


Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 - Fax: 01279 657339
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