Later life planning is becoming an increasingly important area of advice as the UK population continues to age.
A recent survey entitled Later Life in the United Kingdom, conducted by Age Concern, highlights the need for lifetime planning. Some of the startling facts are that:
Later life planning and opportunities
Age Concern’s report also highlights the fact that life expectancies are rising and people are living longer:
These statistics highlight the significant opportunity that exists for financial advisers to consider lifetime planning options for their clients.
Using flexible planning tools which offer tax advantages and control of capital throughout someone’s life can provide reassurance and peace of mind to clients and enable them to make plans for their children and grandchildren at the same time.
Whether it’s a requirement for income, capital or planning for inheritance tax, our range of planning services are designed for private investors and business owners and can be tailored to suit their needs, allowing financial planners to find the right solution for their clients.