Assessing asset allocation

Choosing the right asset allocation for the decumulation phase of retirement planning is a complex area as it will depend on how income is to be provided for the client. Over the long term, equities tend to outperform other asset classes, but how is this applied in the retirement income context and how do a client's circumstances affect the choice? For most clients, there are two options when they take income from their pension fund; a fixed annuity or income drawdown. The investment strategies will however be very different. It's all about timing ...