Decumulation: Is this the most important risk profile advisers will ever do?

Advisers know the staggering differences between client needs at accumulation and decumulation, but does this always translate to risk-scoring? To ‘fudge' an attitude to risk score based on an accumulation advice model into a retirement income plan would throw up problems that could be incredibly hard to rectify, according to one stakeholder. Moody's Analytics head of retail product and advisory Philip Mowbray said that, given the late stage in the investment cycle, the risk-return approach typical of most tools would be inappropriate. Instead, advisers need to be able to focus on cli...