Do you still need a financial adviser after retirement?
Retirement does not end financial decisions, but it also does not automatically justify paying an ongoing adviser fee forever.
What can still change after retirement?
Spending, health, family support, pension withdrawals, investment markets and estate priorities can all change after work has stopped.
What should an ongoing adviser be doing?
If you pay an annual fee, ask what is actively reviewed: income sustainability, investment risk, cash reserves, tax wrappers, beneficiaries or other planning issues.
Compare the service with the fee
A stable plan with little annual work may need a different service model from a complex drawdown arrangement. The recurring fee should reflect recurring value.
You can change the service model
It may be possible to stop ongoing advice, move to a lighter service or seek one-off advice when a significant decision arises. Check any product or adviser implications before changing arrangements.