Above page content

    Site map  Cookie policy

Pension freedom means holistic financial planning is vital

Many advisers have started to enhance their business model through the development of a centralised retirement proposition

Centralised Retirement Video

John Porteous


Since pension freedoms was introduced in April 2015, many advisers have started to enhance their business model through the development of a centralised retirement proposition (CRP).

Building investment solutions that are sufficiently flexible to adjust to changing needs and circumstances is particularly challenging in retirement. Here at Charles Stanley we seek to support financial advisers in delivering a wide range of investment services to support your propositions.

I recently took part in an Akademia session alongside Mike Barrett from lang cat Financial discussing the topical subject of Centralised Retirement Proposition – our discussion focused on three broad areas:

  • The core issues facing customers and risks in retirement
  • How best to go about building a centralised retirement proposition.
  • If a centralised retirement proposition can exist yet still be independent.

Watch the video today and collect CPD

Akademia - Centralised Retirement Proposition

I hope you find this debate interesting and thought provoking. My key takeaways are listed below:

John’s takeaway 1 - Retirement is a journey not a destination

Pension freedom has introduced such a degree of flexibility around the use and deployment of an investors pension assets that what used to be a pension specific discussion is now more of a ‘holistic’ financial planning engagement. This gives rise to a broader and deeper goals based discussion between client and adviser.

CRP John Quote 1

John’s takeaway 2 - Your advice discussion needs to evolve throughout time

With advances in medical science, people are living longer – this creates two key retirement planning challenges for clients; the money will likely need to last longer and accumulated wealth will have to support different needs as an individual’s mobility, lifestyle and reliance on others starts to change. This has a wider impact that extends beyond investment strategy into enhanced client communication and intergenerational wealth transfer.

John’s takeaway 3 - There is no such thing as a ‘safe withdrawal’

CRP John Quote 3

There is a often temptation to apply ‘rules of thumb’ when thinking through a sustainable withdrawal rate in retirement. In reality, circumstances change as do reliance and the need to access capital (especially in later life). A robust retirement planning strategy is not just build on a withdrawal factor – it considers a much wider range of issues.

How can Charles Stanley support you?

Charles Stanley understands that advisers are expected to build a standardised approach for their clients, but still want an investment solution to be tailored to their client’s ambitions, concerns and attitude to risk. We offer a wide range of solution; standardisation doesn’t have to mean no personalisation to their client’s unique needs.

Get in touch

Find out more

Our focus on clients has endured since the foundation of Charles Stanley in 1792 and has helped make us one of the UK's leading wealth management firms. Your interests give shape to everything we do.

Please call us to talk about your circumstances or complete the enquiry form.

020 3797 1783

Make an enquiry

If you have some questions we'd be happy to help.

Get in touch

Stay updated

Subscribe to our weekly email newsletter.

Subscribe here

Local Office

Your local office

Your local Charles Stanley office can help advise you on a wide range of investment management services.

Select an office


Newsletter banner signup