Lawrence Cook: The power of financial advice for decumulation clients

'It will be okay'

clock • 4 min read

Amidst the coronavirus pandemic market volatility, Lawrence Cook discusses decumulation and the power of financial advice in that period of clients' lives...

Don't worry it will be okay in the long run. For long term investors history will tell you that statement has generally held true. For clients who have recently decided to draw down cash from their investment pot as a regular income they might be less easily reassured. It is easy to forget that for those not working in financial services that not having any income from employment or business once retired can be a little unnerving, let alone a sudden drop in asset values as we have recently witnessed. I recently had an update from my financial planner. We looked at the refreshed cas...

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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advice firms report that around four in ten clients are vulnerable - MorganAsh

Advice firms report that around four in ten clients are vulnerable - MorganAsh

Data from the MorganAsh Resilience System

Jaskeet Briah
clock 28 May 2026 • 2 min read
Student loans present 'almost impossible' financial planning question

Student loans present 'almost impossible' financial planning question

To be a 'burden' for years to come, advisers say

Sophia Panayi
clock 28 May 2026 • 5 min read
Advice consolidation: Reputation, regulation and a transforming market

Advice consolidation: Reputation, regulation and a transforming market

Growth alone is no longer enough

Isabel Baxter
clock 27 May 2026 • 5 min read