Matt Phillips, Director of Wealth Planning at Canaccord Genuity Wealth Management, sets out key questions which will help those on the brink of retirement to navigate an inflationary environment.
The hugely negative impact ill-judged investment choices could have on a retiree’s lifestyle is plain to seeIHT mitigation strategies, alongside downsizing, making significant gifts to family members and setting up educational trusts for grandchildren are all topics our users are intensely interested in today. But they are also increasingly asking about investment strategies that are perfect for pension wrappers – the kind which aim to deliver attractive income levels alongside an element of capital growth, or which adjust their risk/return parameters in line with the individual’s advancing years and IHT liabilities. There’s no denying that this kind of pension-specific wealth management can get a little complex. Yet it really is incumbent on the individual to fully explore all their options now – not least because there are likely to be significant gains to be had on several fronts. Click here if you would like to speak to a FWM wealth expert now for more on pensions. Alternatively, you can discover which wealth managers precisely suit your needs by trying our online smart tool HERE.