“No one wants to see their retirement plans shattered by a sudden stock market crash.”
Barron adds: “After you have retired, it’s important to ensure that your plans are on track and that you aren’t unduly depleting the fund for later years by taking too much income early on.
Article continues after advert
“Cash flow planning is a crucial part of this process and a great way to ensure that clients can visualise their pensions outlook. It’s a little bit like having sat nav in your car: you wouldn’t head off on a long journey without knowing where you were going.”
Chloe Cheung is a features writer at FTAdviser
Page 3 of 3
