At Magenta, our experience shows us that there are 3 main later life client concerns:

  1. How can I stop my money running out?
  2. Should I plan for Long Term Care and how do I deal with it should the need arise?
  3. How can I reduce the amount of tax when I die and ensure I leave my wealth to whom I choose?

But these questions have to be balanced by client wishes to lead a fulfilling, active life. We have clients over 70 who enjoy sky-diving, sailing, golf, horse riding and exotic travelling. They don’t want to give this up to sit in a chair in their slippers!

I have written the attached paper (link below) about the complexity of issues facing our clients (and their families) in later life, please do let us know what you think.