Advisers warned to take action on decumulation portfolios

Date, who made the presentation digitally on 9 December, noted the dramatic downturn in markets and combined with sequence of return risk means advisers will have clients that are in a difficult position. The regional manager said the industry tends to focus on a portfolio's volatility which is medium fluctuations, but it is the worst drops that can be most disruptive for decumulation portfolios. He highlighted portfolios can fluctuate between losing 20% and gaining 28% in most years, which makes the steady 4%-5% return wanted for retirement a "challenge". This year markets have fa...