Bruce Moss: Solving the problem of non-advised decumulation

'Massive problem looming'

clock • 5 min read

Bruce Moss looks at the issue of non-advised decumulation – and some potential ways to solve the problem

Since the introduction of pension freedoms, hundreds of thousands of people are going into drawdown on a non-advised basis.  Analysis by Just Group recently found that in 2021, 40% of decumulation products were purchased without regulated advice, up from 33% in 2015. Clearly, there's a massive problem looming. There are so many considerations when it comes to using drawdown to provide an income for life, including many unknowns: how long will you live, how much money will you need, how will your investments perform as you age? We only need to look at the current situation with risi...

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