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Achieving financial success in retirement

John Williams, head of wealth planning, joined Simon Prescott, senior wealth planner as they explained what clients should be aware of as they transition from a career, or running a company, to retirement, and how they might achieve financial success in a phase of life called decumulation.
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Published 19 October
43 mins

Many of our clients have worked hard during their lives to grow their investments, pensions and savings so they can enjoy financial independence in retirement. But how can you make sure you will have enough to live off over a period which may span 30 to 40 years, given the many risks facing retirees? The answer lies in a dedicated financial planning and investment approach that seeks to help you understand those risks, how they can be managed and what plans you can put in place to enjoy your retirement in the lifestyle to which you’ve become accustomed. It’s a solution only available via a few wealth managers.

John Williams, head of wealth planning, joined Simon Prescott, senior wealth planner, as they explained the importance of transitioning from your time in a career, or running a company – known as the accumulation phase of life – to the time when you draw down on your assets in retirement – known as decumulation.

We also highlighted the other opportunities that the planning process should offer in terms of ensuring your withdrawals are sustainable, while also considering your plans for helping out your children and leaving a legacy.

Clients of Nedbank Private Wealth can get in touch with their private banker directly to understand how wealth planning can help them achieve their financial goals and objectives, or call +44 (0)1624 645000 to speak to our client services team.

 

If you would like to find out more about how we can help you with wealth planning support, please contact us on the same number as above or complete the contact us form linked towards the end of this page.

Any examples of investments and structures used are for illustrative purposes only. This webinar does not constitute an invitation or inducement to buy any financial investment or service. None of the information constitutes advice or a personal recommendation. Individuals should seek professional advice, based on their jurisdiction and personal circumstances, before making any financial decision.

about the presenters

John Williams

John Williams

John heads up the wealth planning proposition for the international business. He works with clients and their families, in tandem with their professional advisers, to ensure they have a clear financial plan in place to achieve their financial objectives. Working in partnership with our teams of private bankers, he integrates the benefits of wealth planning alongside our broader wealth management and wealth structuring capabilities.

 

John has over 25 years of advisory and management experience, working for global organisations providing solutions to a wide variety of UK and international clients. He joined from Credit Suisse UK where he was head of wealth planning for five years. He has also held similar senior roles at Barclays and UBS.

Simon Prescott

Simon Prescott

Simon’s role is to work with our UK and international clients, and their families, to help them structure their investments and other financial assets to achieve their goals and aspirations, through the development of bespoke wealth plans. The planning process starts with an assessment of clients’ current finances, before developing individual scenarios using cashflow modelling. The plans are then regularly reviewed in the context of clients’ changing lives to ensure they remain on track to see their plans come to fruition.

 

His appointment followed the establishment of bank’s wealth planning function, where he was instrumental in its design, build and implementation. Simon has over 20 years’ experience of delivering investment and planning advice. He has worked for Nedbank Private Wealth since 2007, when he started with the firm as a private banker.

 

Simon holds the Level 7 Diploma in Advanced Financial Planning, the highest financial planning qualification in the UK, and is a Certified Financial PlannerTM, a Chartered Wealth Manager and a Chartered Fellow of the Chartered Institute for Securities & Investment.

Access more of our insights

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Decumulation matters for retirees

30 Sep

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As the number of people and timelines in retirement grows, how can we ensure that the funds we have accumulated in investments, pensions and savings will cover us to the end of our days in decumulation, even if we won’t give up work?

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Is early retirement a wise choice?

15 Sep

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Cameron Walker examines what retirement means today, and considers whether early retirement or remaining in work for longer is the wisest option.

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Karen Bennett explains why planning for retirement is always important – even if you’re an expat – how you can start to think through the decisions and why starting early brings benefits.

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Last wills and testaments go digital… partially

3 Aug

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John Williams explains how wills in England and Wales can now be drawn-up virtually, albeit with physical signatures, if you follow the detailed procedure.

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