Lawrence Cook: The power of financial advice for decumulation clients

'It will be okay'

clock • 4 min read

Amidst the coronavirus pandemic market volatility, Lawrence Cook discusses decumulation and the power of financial advice in that period of clients' lives...

Don't worry it will be okay in the long run. For long term investors history will tell you that statement has generally held true. For clients who have recently decided to draw down cash from their investment pot as a regular income they might be less easily reassured. It is easy to forget that for those not working in financial services that not having any income from employment or business once retired can be a little unnerving, let alone a sudden drop in asset values as we have recently witnessed. I recently had an update from my financial planner. We looked at the refreshed cas...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Most of our industry has forgotten what advisers actually do

Most of our industry has forgotten what advisers actually do

‘Providers have a responsibility to better support advice firms’

Mark Sanderson
clock 16 March 2026 • 3 min read
Government unveils changes to FOS operations after landmark review

Government unveils changes to FOS operations after landmark review

New ten-year limit for bringing complaints

Isabel Baxter
clock 16 March 2026 • 5 min read
Feel Good Friday: Wise Investment employee takes on the Great Wall of China for charity

Feel Good Friday: Wise Investment employee takes on the Great Wall of China for charity

Raising funds for Katherine House Hospice

Professional Adviser
clock 13 March 2026 • 1 min read