'Could retirement income learn a thing or two from savings tools?'

A lot can happen in a year before you may next sit down properly with your client to fully assess their situation. If they have been taking significant withdrawals or more than needed and the markets suddenly seem less favourable, it can be difficult to recover.

So, if expenditure varies or investments fluctuate, a system could be set up that considers things on a monthly basis, for example. Income could be adjusted to avoid over selling investments. 

If we recognise the importance of saving more when we can, we could warm to taking less when we can as well. 

Andrew Martin is the chief commercial officer at Dunstan Thomas