Inflation is like rust on a car. At first, you might not notice it. Over time, it slowly spreads, and by the time you see it, the damage is more extensive than you realised. Just like rust, inflation can creep up on you, causing significant issues if not addressed early.

While assumptions are a necessary part of retirement planning, do pay attention to them and consider how your circumstances might evolve over time and whether they are, in fact, ‘best guesses’. 

Our 2024 survey results suggest that retirees’ attitudes about their skills and abilities to secure a sustainable retirement do not always align with reality. Three predominant retirement themes emerged: self-confidence, retirement confidence and contextual confidence.