Living Time unveils retirement route maps

Living Time has launched a series of papers for advisers eyeing the growing opportunities in the retirement income market.

The papers focus on the rapid changes taking place in the market and the huge future business potential.

Living Time has commissioned the papers, which are produced by Retirement Partnership, as part of its Offer More Options (OMO) campaign.

Delivering background information, tools and practical support for advisers, the papers explain how new products are being introduced to meet the needs of ‘baby boomer’ clients as they approach retirement.

Stephen Lowe, marketing director at Living Time, believes current rules stifle good financial planning, rather than promote it.

“Changes in society are driving innovation in the retirement income market and it is up to us within the industry to ensure consumers are given the choice to select the most suitable solutions for their own circumstances.”

Lowe says part of the OMO campaign pledge was to help advisers who want to understand and embrace the changes.

“These papers create a route map, allowing advisers to understand the issues and see what they need to do to position their businesses to reap the benefits, both for themselves and their clients.”

‘Perfect Storm’, the first in the series of papers, focuses on challenges facing the industry; principally the combination of an increasing number of retirees, longevity and inflation risk, and is available at www.retirement-partnership.co.uk.

Papers two and three will examine why changes in the industry need to happen and how advisers can adapt their current business structures to grasp opportunities. Future papers will offer practical tools and check lists, says the firm.

Advisers can find more information on OMO at: www.offermoreoptions.co.uk or by emailing: offermoreoptions@living-time.co.uk.