Rebuilding My Financial Independence

The Benefits of Reliable Financial Advice

If you haven’t had responsibility for your financial affairs previously, or are nervous about seeking advice, then the experiences of others in the same position may help.

They felt the main benefits they received were:

Sources of Retirement Income

Income in retirement isn’t just about pensions, research from Old Mutual Wealth shows what percentages of retirees receive income from the most common sources – so make sure you consider all income sources in retirement.

Increases in the Number of People Living Alone

Many of our client find themselves in the position or having to rebuild their financial independence, often in the later stages of their lives. Recent statistics from the ONS shows that the number of people living alone in 2018 has surpassed 8 million, up from 7.7 million in the previous year, driven by increases in women aged 45 to 64 years and men aged 65 to 74 years.

• Reasons for increases in these age and sex groups include:

• increasing population aged 45 to 64 years
• rises in the proportions who are divorced, single or never married
• increasing male life expectancy catching up with female life expectancy