Are you one of the 75% of over-45s who don’t have a financial plan and worry about outliving your capital? You’re not alone—and the good news is, you don’t have to be an ostrich anymore, burying your head in the sand when it comes to your finances.
At HapNav, we’ve created something truly revolutionary just for you. Say hello to HapNav – the Happiness Navigator, the world’s first end-user cashflow planning app integrated with open banking. This innovative tool is designed to meet the needs of non-advised Defined Contribution (DC) pension savers. It’s intuitive, cost-effective, and built to empower YOU to become your own financial adviser.
Why This Article Matters – And Why Now is the Time to Act
Planning for your financial future is more important than ever, especially if you’re relying on a Defined Contribution (DC) pension. Recent research from the Financial Conduct Authority (FCA) highlights some significant challenges faced by non-advised savers like you—challenges that, if ignored, could leave your financial future at risk.
Here’s the reality: pensions have become more complex in recent years. With changes like Pension Freedoms, you now have more flexibility, but also more responsibility to manage your savings wisely. And yet, according to the FCA, many people feel overwhelmed, confused, and under-supported when it comes to making crucial decisions about their retirement.
The clock is ticking for many of us. Whether you’re years from retirement or already navigating the drawdown phase, the decisions you make today will shape your financial well-being for decades. The FCA research reveals that 75% of over-45s lack a plan and worry about outliving their savings. This doesn’t have to be your story.
This article—and the tool we introduce—offers you the chance to change that. It’s a call to action, designed to give you the confidence and tools to take control of your finances. By understanding your options and using innovative solutions like HapNav, you can face the future with clarity, peace of mind, and financial confidence.
Don’t wait until it’s too late. Your financial well-being is too important to leave to chance. The information and solutions shared here could be the key to unlocking a secure and happy retirement. Take the first step now—your future self will thank you.
Here’s how HapNav can solve your biggest concerns:
1. Easy to Use – No Expertise Needed
We know financial planning can feel overwhelming. That’s why HapNav is designed with an intuitive, user-friendly interface, perfect for anyone, regardless of financial knowledge. With just a few clicks, you’ll have the clarity you’ve been craving to plan your financial future confidently.
2. Answering the BIG Question: Will I Run Out of Money?
HapNav gives you insights that make all the difference. By showing the likelihood of outliving your savings, it helps you balance underspending and overspending in retirement. With flexible “what-if” scenarios, you can explore different possibilities to ensure your plan works for YOU.
3. Affordability Like Never Before
Here’s the best part: HapNav isn’t priced in the low hundreds like you might expect. You can start with a 30-day free trial—no payment, no bank details required. That’s right—completely free for 30 days!
If you love the peace of mind HapNav provides and decide to keep it, it’ll cost you just £6.99 per month. For less than the price of a monthly latte and a bun, you can take charge of your finances and protect your future.
Why Wait? Start Today – For Free!
With HapNav, there’s no reason to feel anxious or uninformed about your retirement finances. It’s time to stop managing your money blindly and start navigating your finances with confidence.
Sign up today for your 30-day free trial at www.hapnav.com. No hidden charges, no commitment, just a smarter way to secure your financial future.
It’s your life. Your money. Your plan. Take control with HapNav.
HapNav, the Happiness Navigator, was shortlisted as a finalist at the 2022 Investment Life & Pensions Moneyfacts Awards for its exemplary use of technology in the investment life and pensions sector. Read more.
Solving Pension Worries with HapNav: How Our Solution Meets Your Needs
If you’re feeling unsure about your pension and concerned about outliving your savings, the findings of a recent Financial Conduct Authority (FCA) report shine a light on the challenges you’re not facing alone. Here’s the good news: HapNav directly addresses these concerns and offers a solution that puts you back in control of your financial future.
Key Findings from the FCA Report
The FCA research revealed several key concerns for non-advised Defined Contribution (DC) pension savers:
- Low Engagement and Financial Confidence
Many people feel pensions are too complex to engage with, leading to inertia and missed opportunities to improve outcomes. - Uncertainty at Key Life Stages
Approaching retirement or starting to access savings brings major decisions about drawdown, tax, and sustainability. Many feel overwhelmed and worry they’ll make costly mistakes. - The Fear of Outliving Capital
The worry of running out of money in retirement looms large, particularly as life expectancy increases and inflation impacts retirement income. - Cost of Advice
While financial advice is helpful, many feel it’s out of reach, assuming it costs hundreds of pounds—or simply don’t trust advice providers enough to make that leap.
These findings show that people need tools that are simple, affordable, and empowering, helping them make decisions without relying on costly advice.
“Best Use Of Technology.”
Moneyfacts: Shortlisted HapNav in the Investment Life & Pensions Moneyfacts Awards as a finalist in 2022 for the Best Use of Technology category.
How HapNav Meets These Needs
At HapNav, we’ve developed the world’s first end-user cashflow planning app integrated with open banking. Here’s how our Happiness Navigator tackles the issues highlighted in the report:
- Boosting Engagement and Confidence
HapNav is designed for real people, not financial experts. Its intuitive interface helps you get to grips with your pension, showing where you stand and what steps you can take to improve your situation. By making planning simple, HapNav eliminates the fear of complexity. - Making Big Decisions Simple
Whether you’re approaching retirement or managing your drawdown, HapNav’s “what-if” scenarios give you the tools to make confident decisions. From tax planning to deciding how much to withdraw, HapNav helps you understand the long-term impact of your choices. - Protecting Against Outliving Your Savings
HapNav provides a clear view of how long your money might last, helping you avoid the twin risks of overspending or underspending. You’ll see the likely outcomes of your financial plan and be able to adjust as needed to ensure sustainability. - Accessible and Affordable for Everyone
Unlike traditional financial advice, HapNav is incredibly affordable. With a 30-day free trial (no payment or bank details required) and just £6.99 per month thereafter, it’s a low-commitment way to take control of your finances. It’s advice-like confidence without the hefty price tag!
“Financial Planning First”
Moneyhub: A ground-breaking digital planning experience that allows you to identify and manage risks to your future financial plans and aspirations.
A Solution That’s Built for You
The FCA report shows that non-advised savers want simple, transparent tools that empower them to manage their finances confidently. HapNav is that solution. By addressing engagement, clarity, affordability, and control, we provide exactly what’s needed to fill the gap between basic guidance and expensive advice.
If you’re ready to take charge of your retirement finances, try HapNav today at www.hapnav.com. It’s free for 30 days—no strings attached—and could be the game-changer you’ve been waiting for.
With HapNav, you’re no longer facing retirement worries alone. Let’s navigate your financial future together!
Find out more about how we support HapNav and being your own financial adviser by visiting the Academy of Life Planning’s website today.
Top 10 Key Findings
Here are the top 10 key findings from the FCA report that are particularly relevant to the HapNav proposition. Each insight reflects the challenges faced by non-advised Defined Contribution (DC) pension savers and highlights how HapNav addresses these needs.
“Bridging The Advice Gap”
Financial Times: This solution will help in bridging the ‘advice gap’ that millions of people in the UK fall into, to the detriment of their financial health
1. Blurred Retirement Lines
“The ‘at retirement’ moment becomes increasingly blurred in a post-Pension Freedoms world. Instead of a single moment of retirement, many phase into it and will consequently need strategies for bridging the gap between full employment and full retirement, as well as separate strategies once in retirement. Additionally, non-advised drawdown suggests a lifetime of decisions, though little support is available for non-advised consumers requiring ongoing drawdown management.”
How HapNav Helps: HapNav equips you with tools to plan for these transitions, helping you understand how to bridge income gaps and manage drawdowns effectively for long-term security.
2. Income Sustainability
“There are widespread industry concerns at the sustainability of income withdrawals and risk of consumers depleting their funds by later life, heightened by recent inflationary conditions. Without ongoing review of their drawdown decisions, non-advised consumers are at risk of over (and even under)-spending their pension income through retirement.”
How HapNav Helps: With clear forecasts and “what-if” scenarios, HapNav helps you avoid overspending or underspending, ensuring your money lasts as long as you need it to.
3. Low Engagement and Understanding
“Engagement with and understanding of pensions is low. Inertia-based accumulation journeys, low financial literacy, and psychological barriers mean many non-advised participants are ill-equipped to manage complex pension decisions confidently.”
How HapNav Helps: HapNav simplifies pension planning, breaking down complex concepts into easy-to-understand insights, so you can engage with your finances confidently.
4. Fear of Outliving Capital
“The lack of ability to manage complex pension decision-making is most striking around retirement, when participants must make a decision about how to access their pension. They worry about tax penalties and longevity; risk warnings make them aware of what can go wrong, but not how to mitigate against that.”
How HapNav Helps: HapNav shows you the likelihood of outliving your capital, giving you the clarity you need to make informed decisions and avoid financial pitfalls.
5. Misconceptions Around Financial Choices
“Misconceptions (such as having to take all one’s Tax-Free Cash at once) exacerbate this problem, and many factors such as investment suitability are hardly considered at all.”
How HapNav Helps: HapNav provides clarity and accurate insights into your options, so you can avoid common misconceptions and make the best decisions for your financial future.
6. Limited Access to Advice
“Real and perceived costs put [financial advice] out of reach for many, who want the additional support but question the value-add of paid-for advice.”
How HapNav Helps: With HapNav, you don’t need to worry about expensive fees. For just £6.99 per month, you get expert-level insights tailored to your circumstances.
7. Decision Paralysis
“Guidance leaves them with choice paralysis: out of all these different options, they don’t feel confident how to choose the right one for them.”
How HapNav Helps: HapNav empowers you to act by providing clear, actionable insights tailored to your situation, helping you overcome the paralysis caused by too many choices.
8. Lack of Ongoing Support in Drawdown
“Non-advised drawdown suggests a lifetime of decisions, though little support is available for non-advised consumers requiring ongoing drawdown management.”
How HapNav Helps: HapNav provides ongoing support, showing you how your decisions impact your finances over time, so you can adjust and optimise your strategy whenever needed.
9. Distrust and Skepticism of Providers
“Participants note providers’ commercial nature and the limitations this poses on the products and services they might offer. Trust in their providers impacts the weight participants place on these commercial motives when they assess the validity of support.”
How HapNav Helps: As an independent tool, HapNav offers unbiased insights, empowering you to make decisions without feeling pressured by sales-driven advice.
10. Desire for Free and Accessible Tools
“Being free is a key driver of the concept’s appeal: it makes targeted support a low-threshold, low-commitment support route, with no perceived implications for its credibility or quality.”
How HapNav Helps: HapNav offers a 30-day free trial with no payment or bank details required, giving you the chance to explore its benefits risk-free.
“No Need For Advisers”
Citywire: Manage lifestyle & cash flow during the crisis to avoid financial strain. Save and invest wisely with a simple, low-fee app for financial stability.
Why HapNav is the Solution You’ve Been Waiting For
The FCA report highlights the challenges faced by non-advised savers, but HapNav turns those challenges into opportunities. With its user-friendly interface, open banking integration, affordability, and clear, actionable insights, HapNav bridges the gap between doing it all alone and expensive advice.
Start your 30-day free trial today at www.hapnav.com. No strings, no stress—just the confidence to take control of your financial future. Together, let’s ensure you never outlive your capital.
Academy of Life Planning 