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Does your future add up?

There’s a perfect storm brewing: a bulge in the number of Baby Boomers retiring together with the demise of the final salary and defined benefit pension scheme. And those Baby Boomers are living longer than ever. It means your future is your responsibility and you need to establish; does it add up?

14 November 2015

9:00 AM

14 November 2015

9:00 AM

In-association-with-Seven Investment Management

If you’re reading this, the chances are you’re part of the Baby Boomer generation. Born in the age of post war prosperity and optimism, you’re different from your parents’ Silent Generation; you’ve got a voice and want a say in how the world is run. You have an expectation that the world should improve and that your world should continue to improve too. So far your life has been wealthier, fitter and more active than your parents’. However, is that improvement set to continue?

There’s a peak in the number of Baby Boomers retiring. You might be one of the lucky ones, retiring (or retired) on a final salary or defined benefit pension scheme, with a guaranteed level of income for the duration. If so, we hope you’re looking ahead and helping your children get things straight for their future, and retirement too.


Or you might be part of the majority who are not quite so fortunate. If that’s the case, you will be planning for 25 years of retirement (actuarially speaking) and with all the guarantees gone. Even if you have a fairly large sum put away, will it be enough? With a longer retirement to fund, you could buy an annuity but thanks to all time low interest rates, you don’t get much from it. That may not furnish a lavish retirement. So unless you’re unbelievably wealthy, you need to find another way to fund your retirement and take some risk which you are comfortable with. As a retiree you are now responsible for your future. If you get it wrong, it’s unlikely you can go back to work full time. And if you’ve messed up your retirement, you’ve messed up your children’s inheritance too. Hopefully you’re not in denial and if you’re not, don’t despair. There’s a way forward. Oh and as for Generation X or Y, please tell your children it’s never too early to get started, because this is the new world order.

1 Which Money; 2 www.thisismoney.co.uk; 3 Scenario analysis of future pension incomes, Department for Work and Pensions, August 2014; 4 Aegon UK Readiness Report, May 2015.

1 Which Money; 2 www.thisismoney.co.uk; 3 Scenario analysis of future pension incomes, Department for Work and Pensions, August 2014; 4 Aegon UK Readiness Report, May 2015.

You need to know that your future adds up. Or put another way, what income you’ll need in the future to live the life you want to lead and what level of capital lump sum this translates into. Then you can take control once more. At Seven Investment Management, we know the importance of that number and work with a variety of trusted partners who can help you work it out. Once that’s done, whether you want help to decide how to get the best out of your portfolio, or if you’re confident enough, help to make your own choices through a self invest service, why not get in touch? There’s no charge for talking to us.

Find your number and discover whether your future adds up, whether you’re one of the less or indeed, more fortunate ones. Think of it as future planning rather than retirement planning: working out all your life’s ambitions and finding a way of getting there. It might just all add up to Seven.

Visit the 7IM website to find out more and decide if your future adds up.

www.7im.co.uk | numbers@7im.co.uk | 020 7760 8747

Seven Investment Management LLP is authorised and regulated by the Financial Conduct Authority. Member of the London Stock Exchange. Registered office: 125 Old Broad Street, London EC2N 1AR. Registered in England and Wales No. OC378740.


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