To help advisers navigate the very distinct world of decumulation, Justin Onuekwusi and Andrzej Pioch offer their five 'top tips' for those who have clients in retirement.
With Office for National Statistics data indicating more than half of personal pension wealth is owned by those over 50, the asset management sector has no choice but to respond to a steady wave of pension pots flowing from the accumulation phase into decumulation. Next to Brexit, the regulator now considers changing demographic patterns its biggest issue, with a major shift of assets towards 'post-retirement' products imminent. Before the Pensions Freedom Act in April 2015, decumulation was relatively easy to navigate. At the point of retirement, many clients moved to annuities, w...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes