UK advisers demand more focus on decumulation

More than half (61%) of advisers in the UK believe that the pensions industry has not paid enough attention to decumulation while has focused too much on wealth accumulation, Heartwood Investment Management's research suggests. The study also found that over 80% of advisers see this oversight leading to a significant increase on the number of clients seeking advice on this area over the next five years. The growing demand for decumulation advice - the conversion into retirement income of pension assets accumulated throughout an employees' working life - comes as advisers warn of signi...