Defaqto’s latest case study urges Financial Advisers to plan for the fact that while life expectancy is increasingly, healthy life expectancy is not necessarily increasing at the same rate.

The report, written by Gillian Cardy, insight consultant (wealth) at Defaqto, stated that healthy life expectancy was surprisingly low and advisers needed to gently challenge whether clients’ plans to continue to work in old age were realistic.

The report said current lifestyles were having a negative effect on people’s health, with 66 percent of the adult population not meeting recommended minimum levels of physical activity.

The report warned; “Investors will be approaching retirement, typically having undertaken inadequate preparation”.

“They may be over-optimistic about the income their fund can generate, while also being unaware of the potential for impaired or enhanced rates, if available , to improve their retirement income.”

Ms Cardy said numerous studies continued to demonstrate that clients’ valued secure income in retirement, but they were also interested in benefiting from many of the flexibilities introduced by last year’s pension reforms.

She added: “The Practical issue that advisers have to confront is how to offer such advice in a cost-effective way, especially for those with more modest pension funds who would typically have been advised to purchase annuities and for whom the cost of more bespoke advice strategies may have been prohibitive”.

(, Shirin Aguiar)

Financial Advisers Bristol

If you would like to speak with one of our Independent Financial Advisors and potentially receive financial advice, please contact us on 0117 923 7652. We are based in CliftonBristol but we are happy to service clients from across the UK and we provide free initial meetings at our client’s convenience.

Churchill Wealth Management Limited is located at 13 Alma Vale Rd, Bristol BS8 2HL, United Kingdom.

About Us: Churchill Wealth Management is a team of independent financial advisors/financial advisers (IFAs) based in Clifton, Bristol. We provide independent financial advice, including pension advice, investment advice, inheritance tax planning and protection/insurance advice.