Advisers concerned about regulatory scrutiny in decumulation phase

Its report, ‘Decumulation: It Requires a Different Approach', explored insights from financial advice firms on the challenges of decumulation. It highlighted how advice at the start of and during retirement "differs significantly" from accumulation advice, with firms deploying various strategies to address new risks such as spending uncertainty, tax changes, longevity, investment, and sequencing risk. "The stakes are higher for clients who cannot recoup losses from income," the wealth manager warned. The report found that a consistent concern among advisers is the regulatory challe...