Financial Planners play a unique role in the lives of their clients for many years so, for clients, losing their planner due to retirement or business exit, can be a challenging and disconcerting time.

An extra 1.2m people are facing a worse retirement lifestyle than in 2023, according to the annual retirement report from Scottish Widows.

There is little doubt that the pandemic, followed by the cost of living crisis, has turned retirement planning on its ahead.

The cost of a moderate retirement income is £25,000 per year for a single person and £36,480 for a couple, according to the latest data from Hargreaves Lansdown’s Savings and Resilience Barometer, published today.