Those fortunate enough to have a final-salary pension have less of a pressing need to generate retirement income than others. But even if meeting your expenditure is not a concern, it is always worth making sure that all your assets are in order.
Graham, 75, and his 73-year-old wife Vivien find themselves in such a position. They have availed themselves of the state pension for almost a decade now, and combined with some workplace pension income, the couple receive around £52,000 a year.
If that’s a strong foundation for their continued retirement, the couple also have a property worth £380,000 and no debt, bar the use of a credit card that is paid off each month.