Medical advancements and improving living standards have seen peoples' life expectancies increase over the years. Therefore with this and decreasing help from the Government, more money is required to be available to those persons in providing an income to an individual in retirement.

Retirement can bring a complete change of lifestyle with no more work, not as much interaction with colleagues, more available time to occupy yourself in and possible lower budget to do this on. Therefore, potential financial constraints could exist in fulfilling the optimum retirement, unless sufficient planning is done beforehand at an early age.