In Focus: Vulnerability  

How to navigate decumulation post-Covid

  • To understand pension investor behaviour post-Covid
  • To be able to explain how to meet any pension shortfalls
  • To understand how to help clients keep on track for retirement
How to navigate decumulation post-Covid
Photo by Joshua Woroniecki from Pexels


Covid-19 has made for choppy sailing when it comes to savings and investment strategies over the past year. 

People who made long-term pension plans have almost been thrown off course by the events brought about by the pandemic and the consequent lockdowns. Without advice, these people may have acted in haste with their financial futures as markets crashed, only to repent at leisure as they rose again.

Clients may have sailed into slightly calmer waters, but have their own circumstances changed? Have their own goals been readjusted? Are they setting off on a different route now as a result of the pandemic? 

And if so, what sort of strategies and advice can financial advisers provide to help steer them towards a comfortable retirement?

This guide, which qualifies for an estimated 60 minutes' worth of structured CPD, will look at what has changed over the past year, what sort of obstacles have been mounted, and how advisers and their clients should work to make sure the pension plans remain on course.

Contributors to this guide include: Alan Chan, director of IFS Wealth & Pensions; the Government Actuary's Department; Robert Cochran, retirement expert at Scottish Widows; Tom Selby, senior analyst for AJ Bell; Ian Browne, retirement planning specialist at Quilter; Steven Cameron, public affairs director for Aegon; David Stevens, savings and retirement proposition director for LV; Sophia Dimitriadis, research fellow at the International Longevity Centre UK; and Rob Yuille, head of long-term savings at the Association of British Insurers.

Simoney Kyriakou is senior editor of FTAdviser

In this guide


Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. Assuming the vaccine is effective, what does Mr Selby say we may come to view 2020 and 2021 as?

  2. If clients are suddenly unable to work or retire early, what does Mr Chan warn could happen?

  3. What can create a poorer financial future for people, according to Mr Stevens?

  4. True or false: Rob Yuille says: "It is not true that people were taking more out of their pension pots during 2020."

  5. Ms Dimitriadis says the pandemic has made it more important for people to do what?

  6. It is never too late to do what, says Mr Cochran?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • To understand pension investor behaviour post-Covid
  • To be able to explain how to meet any pension shortfalls
  • To understand how to help clients keep on track for retirement

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