Later Life Financial Planning Market Report 2018
Everything you need to make the right decisions
Providing the most comprehensive and up-to-date information and analysis of the Later Life Financial Planning market, and the behaviours, preferences and habits of the consumer.
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What are the key challenges facing the industry? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
Expert analysis from a specialist in the field
Written by Jessica Galletley, a leading analyst in the Finance sector, her extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
The financial pressures on future retirees pose a big challenge in terms of engaging them with later life planning, as they’re more likely to be concerned about the sufficiency of their pension pot. However, this gives advisers opportunities to discuss different funding options, whilst products that can save people money in the long term are also likely to appeal.
Financial Services Analyst
Covered in this report
This report covers consumers and later life financial planning.This includes but is not limited to:
- Planning for long-term care
- Using property as a source of funds i.e. equity release
- Inheritance tax planning
- Life insurance
- Will writing
- Retirement income planning
- Prepaid funeral plans.
This report explores the market environment for later life financial planning, such as the effect of increasing life expectancy and the rising cost of funerals. It will look at how much thought people have given towards later life financial planning, and how confident they feel about their plans.
It aims to establish interest in later life protection products, along with expectations for future living arrangements. It will also seek to establish consumer interest in later life planning advice, touching on the potential for the new ‘Pensions Dashboard’ to go further in terms of offering a more rounded ‘later life’ service.
What you need to know
When it comes to later life financial planning, most people are just concerned about having enough income to get by. They are also keen to maintain their current lifestyle for as long as possible, be this continuing to work in retirement or staying in their home.
This focus often means other aspects of later life are ignored, and people leave any financial planning until it becomes a necessity, or until it becomes too late. There are low levels of interest in later life financial products or paying for specialist advice. For those concerned about their retirement provisions, allocating funds to other aspects of later life or arranging dedicated products may seem a luxury they cannot afford.
However, increasing life expectancy has only intensified the need to make plans. The length of people’s retirement will grow, making it more important, and more difficult, for them to save enough to provide a desirable level of comfort. The number of people needing care will also rise, making it more important that people have the necessary funds set aside
What you get
This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
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* This is a sample representation of the report layout and does not reflect the research included in this report.
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