Robin Eggar: How to think about diversification when approaching retirement

The industry has been of the belief in the past that as you get closer to retirement you need to protect your investment value at all cost, so you can maximise withdrawals that you wish to take in future. We are now spending longer in retirement than ever before, so it seems logical to be cautious in order to give yourself the best chance of having enough in the bank to both enjoy yourself and take care of yourself. Why are we so cautious as we approach this precipice of retiring, and turning on the income taps? The main reason is sequencing risk. Sequencing risk is the risk that a co...