As retirement approaches, many people feel a growing need to review their financial arrangements. Recent studies show that the more you review your plans, the better you feel about your financial future. But here’s the good news: reviewing your pension doesn’t have to involve an ongoing relationship with a financial adviser. In fact, you can do it yourself, starting today.
The Reality of Financial Advice
New research highlights that more than one in four pension savers (28%) nearing retirement have consulted a financial adviser at some point. This is significantly higher than the 9% suggested by previous surveys. However, most of these individuals didn’t maintain a long-term engagement with their advisers. This highlights a key gap: while many people take that initial step, few make the most of the advice or continue reviewing their plans regularly.
In fact, 41% of pre-retirees admit they rarely, if ever, review their retirement plans. Without regular reviews, it’s hard to feel confident about your savings or how they’ll meet your goals.
Regular Reviews Lead to Clarity
The research is clear: the more often you review your financial plans, the greater your peace of mind. Among those who review their finances at least every six months, 73% report having clarity about their retirement savings. Compare that to just 26% clarity among those who review their plans less than once a year. Reviewing regularly helps you stay informed, empowered, and in control of your future.
Do It Yourself with HapNav
If you’ve ever thought you needed a financial adviser to stay on top of your retirement planning, think again. With today’s technology, you can take matters into your own hands. Enter HapNav, a powerful, end-user financial planning app designed to integrate with open banking. This means your reviews are always up-to-date, automatically reflecting your income, expenses, and savings balances.
Why HapNav?
HapNav makes reviewing your retirement plans easy, accessible, and effective. With just a few taps, you can:
- Assess whether you’ll have enough income to sustain your lifestyle in retirement.
- See what legacy you might leave for your loved ones.
- Get continuous updates that keep your plans relevant.
For only £6.99 a month (with a 30-day free trial), HapNav offers an affordable solution to a problem that can feel overwhelming. You don’t have to wait for new regulations like the FCA’s targeted support proposals. The tools you need are available right now.
What Matters Most to You?
For many, the primary goal in retirement is maximising income to enjoy life to the fullest. Others prioritise leaving a financial legacy. Whatever your focus, HapNav helps you balance these goals by providing clarity and actionable insights. You don’t need to navigate the complexities of retirement planning alone or rely on costly advice.
Take Action Today
The big question—“Will I outlive my capital?”—doesn’t have to be a source of stress. By taking a proactive approach and using tools like HapNav, you can answer this question with confidence and peace of mind.
Retirement planning isn’t about waiting for someone else to solve the puzzle for you. It’s about empowering yourself to make informed decisions and secure your financial future. Try HapNav today, and take the first step towards a clearer, brighter retirement. You’ve got this!
Academy of Life Planning 