Agree Objectives

Pension assets
Non pension assets
- Mental accounting
Liabilities and debt
Flight path to retirement
Goals and objectives

Key risks in retirement
Attitude to loss
- Mental accounting
- Loss aversion
Capacity for loss

Type (essential/discretionary)
Amount of income required
- Hyperbolic discounting
- Optimism bias
Escalating/inflation proof
- Hyperbolic discounting
Income from other sources
Ability to vary income
Guaranteed income
- Framing
- Availability bias
Cash lump sum
- Hyperbolic discounting

Income for beneficiaries
- Hyperbolic discounting
Lump sum on death
Tax mitigation