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

Andrew Goodwin: It's time for advisers to think differently about innovation

Andrew Goodwin: It's time for advisers to think differently about innovation

'Ours is still a profession that rightly places enormous emphasis on the human touch, relationships and trust'

Andrew Goodwin
clock 04 July 2025 • 4 min read
Altus' Holford urges advisers to reframe concept of advice gap

Altus' Holford urges advisers to reframe concept of advice gap

Traditional models of value, service and delivery are being challenged

Sahar Nazir
clock 04 July 2025 • 2 min read
PA Asks: Do you keep in touch with clients when on holiday?

PA Asks: Do you keep in touch with clients when on holiday?

Plus, targeted support worries and BDMs

Professional Adviser
clock 04 July 2025 • 1 min read