ICR005: Retirement Income Failures & Value Of Advice
This week on the Informed Choice Podcast we look at how pension providers have failed retiring consumers and how much value a financial adviser adds.
Martin talked about being a guest on The Pete the Planner Show this afternoon, talking about the differences between financial advice in the US and the UK.
His new book – Ready, Steady, Retire! – is now available on Amazon in Kindle and paperback formats.
Martin was outdone by his dad, who trumped Martin’s recent local radio appearance with a guest appearance on BBC Radio 4’s Broadcasting House with Paddy O’Connell. You can listen to the episode here, with Nick’s segment starting at 12 minutes 28 seconds.
The book Martin is currently reading is Never Eat Alone by Keith Ferrazzi.
The main topic for the Informed Choice Podcast this week was the retirement income market study from the Financial Conduct Authority (FCA). You can read this here.
Martin also talked about research by US investment manager Vanguard, who have attempted to quantify the value of financial advice.Here’s the study Martin was talking about:
The five ways in which financial advisers add value to investors, of up to 3% a year, are – being an effective behavioural coach, applying an asset location strategy, employing cost-effective investments, maintaining proper asset allocation and implementing a spending strategy in retirement.
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