Three-strand advice is the key to long-term retirement planning

pensions

Traditional methods of asset allocation are being replaced by a better thought out three-stage process that takes into account investment objectives, time horizons and appetite for risk

New demographic evidence shows that we can look forward to 20 years of active and enjoyable living after we have finished creating and maintaining a household. In our eventual decline, we will face four expensive years of dependency and care. This rosy picture of modern life and expectations raises a financial dilemma for men and women thinking of retiring when their last child has left university. For if they bring their wealth creation days to an end voluntarily, they must also lower their appetite for potentially rewarding but riskier investments at the same time - capital lost cannot b...