Retirement planning is one of the most central parts of a financial adviser's remit.
Building a pension pot that will allow the client to retire with enough to live on, to have the lifestyle that they want in retirement is one of the most valuable parts of financial planning an adviser can do.
But it is important to get one's planning in early as the effects of compounding, over time are exceptional.
What one does with one's pension pot is also crucial depending on what other assets one has and how old one is: some may find that using drawdown is the most welcome prospect, but the danger here is that people run out of money.
For some people, who may be older and want some security, an annuity will be best.
This guide highlights the best way for clients to boost their retirement income.
Contributors to this guide include: Udit Garg, head of wealth management at Sun Global Investments; Fiona Tait, technical director at Intelligent Pensions; Helen Morrissey, pension specialist at Royal London; Sir Steve Webb, director of policy at Royal London; Lorna Blyth, head of investment solutions at Royal London; Ricky Chan, chartered financial planner and director at IFS Wealth and Pensions; Martin Jarvis, associate consultant at Mattioli Woods.