Pensions  

Does decumulation need a shake-up?

Chart 1: Adviser responses when asked ‘how far would you agree that there is a need for more robust and centralised retirement income planning processes?’ (%)

Mr Cook adds there are still too many advisers manually managing clients’ decumulation strategies, which could mean consumers end up in a one-size-fits-all type solution. He does concede, however: “Many advisers are getting it right with the pots approach, they just need more choice when it comes to providing this service.”