Brexit may be in the rearview mirror for some investors, but it may also loom large for retirement planners.

The decision by U.K. voters to leave the European Union and the impact that may have on interest rates have raised the cost of funding retirement income by nearly 10 percent, according to BlackRock, 

“One of the risks we don’t think that investors and advisors are aware enough of is what happens to the cost of retirement income over time,” says Chip Castille, BlackRock’s chief retirement strategist. “If retirement income is becoming dramatically more expensive—and we’ve seen dramatic price movement since the Brexit vote—it should be something advisors are able to understand and monitor.”

BlackRock helps advisors track the cost of retirement income through it’s CoRI Retirement Indexes, age-based indexes that provide a daily level of how much annual lifetime income a person’s retirement savings can generate.

If a retiree expects to leave the workforce in 2020, the current CoRI Retirement Index 2020 value of $21.49 implies that for every dollar of annual retirement income a person wishes to receive, they would have to save $21.49.

“People are saving for a goal. That goal is usually retirement income,” Castille says. “Retirement income is a moving target that’s been moving a lot since the Brexit vote.”

As voters cast their Brexit ballots on June 23, the BlackRock CoRI Retirement Index 2025 registered at $16.63—meaning that for every $16.63 saved for retirement, someone expecting to leave the workforce in the year 2025 could expect $1 of annual income.

On Friday afternoon, the index had increased to $18.34, meaning that a 2025 retiree would need to save an additional $1.71 for every dollar of retirement income they need, a 10.3 percent increase.

Retirees in the near-term face similar pressures—the CoRI Retirement Index 2018 increased from $21.36 on June 23 to $22.63 on Friday, an increase of $1.27 or 6 percent. Indexes for retirement years between 2007 and 2015 also saw price increases.

“For people already in retirement, there are some things that they have at their disposal to mitigate the CoRI increases,” Castille says. “There may be some part-time income. They can spend less for the near term. There’s also the idea of protecting themselves by considering some kind of insurance-backed product.”

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