A recent report issued by AIFA and Prudential highlighted the growing importance of the decumulation market and the issue of ensuring people access the best advice. Helen Morrissey takes a look at some of the key findings.
While much emphasis is being placed on retirement, up until now the bulk of attention has been on the accumulation part of the market. However, as we are all living longer and retirement can stretch into thirty years or even more, we are seeing an increasing need for advice and guidance on how to manage income during this time. In June AIFA and Prudential released a report on how best to provide advice for those in retirement. The report, Financial Planning Through Retirement came up with several key recommendations. These included increasing the role of the employer in providing ac...
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