Nick Johal: Protecting from pound cost ravaging

Since April 2015, the financial services industry has introduced a wide variety of new products and services to meet the challenge of pension freedoms. Though, in reality, it is the multi-asset funds that have hoovered up most of the available investment. Throughout this process, however, the need for products with defined returns - particularly for investors in the early period of decumulation when their longevity risk is highest - has been overlooked. In the early phase of a long drawdown period, investors are in many ways exposed to the greatest risks. In contrast to an accumulation i...