New research
Permission to spend
Unlock your clients’ confidence in retirement
A retirement plan has to succeed twice. First, the maths must work. Then, the household needs to confidently use the plan.
Retirement-income planning often assumes that once affordability has been proven, clients will naturally act. But our latest research – Permission to spend – suggests otherwise. Many clients continue to underspend, some overspend, and almost half do not sustain increased spending even after receiving explicit permission from their adviser.
Based on our new research with 1,000 retirees and 200 financial advisers, we’ve developed the insight, framework and tools to help you unlock your clients’ confidence in retirement. Get your free adviser guide to explore the confidence gap in retirement and the opportunity for financial advisers.
Why this matters for advisers
Permission to spend explores the gap between creating a retirement-income plan and helping clients confidently live it. The findings point to a simple reality: technically sound advice can still fail to become lasting household action.
24%
48%
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50%
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Permission to spend: The adviser guide
Download your free guide to access the key findings from our research and discover guidance to help clients make more informed retirement spending decisions.
Inside the guide:
- The key findings from our research with retirees and advisers
- The Permission to spend map: four points where retirement plans break down
- A repeatable way to identify client priorities and determine when their plan may need recalibration
- A practical framework for building and communicating an annual spending range
- A review process that checks actual spending and household confidence, as well as technical suitability
- The Adviser Diagnostic tool for meetings and reviews
- A Client Permission Statement the household can keep
Download your free guide
Get actionable insights, practical frameworks and tools you can use immediately.
Get actionable insights, practical frameworks and tools you can use immediately.
Webinar catch up – Permission to spend: Unlocking client confidence in retirement
Recording available now
Our host David Edgar (Wealthtime), was joined by Tony Wickenden (Technical Connection) and Phillip Wickenden (Ad Lucem) for a webinar designed to help financial advisers better understand the gap between a technically robust retirement income plan and sustained household action.
What the session covered
We explored our latest retirement research findings and their implications for adviser-client conversations, alongside the common reasons retirement income plans can fail in practice despite being technically sound. The session also covered the technical foundations of retirement planning and the Permission to Spend framework, giving advisers practical ways to help clients spend confidently and achieve better retirement outcomes.
Everything advisers need for retirement planning
At Wealthtime, we provide the solutions advisers need to balance income security, flexibility and long-term growth for their clients. Our award-winning retirement proposition is designed to support modern retirement planning and Centralised Retirement Propositions (CRPs) combining drawdown, guaranteed income solutions, extensive investment choice and practical adviser tools – all on one platform.
