The new wave of retirement.

WEALTH at work

Jonathan Watts-Lay, Director, WEALTH at work, comments in the June addition of Corporate Adviser.

Watts-Lay says; “In the world of pension freedoms, retirement will be less about investment or drawdown propositions and more about service.

The shift away from annuities towards drawdown has made it so that all savings should be considered such as pensions, shares and ISAs. This means individuals will have to manage income in the most tax-efficient manner over the next 25 or 30 years.

We manage the money based on income requirements; setting out how much money an individual is hoping to get in retirement including all pensions and other assets, and we inform individuals whether or not their income figure is realistic.

If it is, we will manage the portfolio rather than buy a retirement product because it isn’t just about pensions.

The technology behind our service enables it to be used by those with smaller pots, with this technology; we can make money managing smaller sums because we have an efficient platform where we can bulk-trade everything.”

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