Key Takeaways
- The 4% Rule is helpful as a guide – a rule of thumb – to the level of income clients can expect from their retirement savings
- There are more sophisticated models that may provide better income in the early years of retirement and manage longevity risk
- There are a complex variety of factors that will ultimately determine the success of an individual’s retirement funding strategy
- Advising clients on their retirement income strategy is complex and as such carries a variety of expectations from the Financial Conduct Authority (FCA)
