Spotlight on: Complex Families, Complex Finances

Complex Families, Complex Finances

Learning objectives for structured CPD:

Welcome to the first chapter in this eBook series.  Each chapter will uncover what each new retirement journey means for advisers.  Find out how you can use these insights to help grow your business and build more profitable client relationships

  • In-depth understanding of future retirement journeys.
  • Knowledge of how journeys impact client ability to plan and pay for retirement.
  • understanding of the future opportunities to engage with and support these consumers.

Please note that you will not receive a CPD certificate for the completion of this learning.  A reflection statement will be available for you to complete and save for your records at the end of the eBook.



About the research

The changing shape of retirement research looked at how trends are shaping the way people retire,  Key drivers are the change in societal and cultural norms that are shifting the way we live our life.  This has created 5 new retirement journeys. 

  1. Complex Families, Complex Finances
  2. Financially Mature and Stress Free
  3. Late Financial Bloomers
  4. Later Workers, Community Centric
  5. Long-term Supported


Present and future

Each of the journeys has a different trajectory for the future. This graph illustrates how those changes will affect the growth of each group from 2010 to 2035.

Growth = opportunity

The research predicts the size of the Complex Families, Complex Finances segment will increase over the next 15 years as divorce rates rise, as does the number of people requiring care in later life and second families that may continue to require financial support.

Adviser considerations

The financial lives of this group are complex which offers the opportunity to give more tailored, innovative, and holistic advice. Understanding this group well, their financial needs as well as ambitions is key to providing the right solutions.

Adviser tools

These online tools are free to use and designed to enhance client engagement 

Divorce and money calculator

This calculator provides an idea of a financial situation before a potential divorce settlement.  It also helps work out what a client has, what they owe and how they might split assets and finances.

Try calculator

Life expectancy calculator

A useful tool t help find out your clients average life expectancy, so that you can help plan their future and retirement option.

Try calculator

The budget planner

This online tool looks at your income and outgoings to help your clients understand and manage their budget.

Try calculator