The transition from saving to spending is known as decumulation. When it comes to planning for retirement expenses, your clients face unique and challenging decisions, whether they refer to it as income drawdown, decumulation, withdrawal, or simply enjoying their nest egg. This BUILD session will look at three aspects of decumulation from three industry-leading businesses.

How are you capturing your client’s risk composure requirements in 2023? – LV=

In this session, LV= will look at your clients already in, or moving into, a decumulation multi-tax wrapper investment strategy, but who are also currently uncomfortable with investment risk. For many clients how they feel during the investment journey is as important as the outcome and introducing an element of guaranteed growth and/or income and multi-asset smoothing can help minimise the impact of market volatility whilst delivering attractive returns for these clients.

Learning objectives:

1. Understand the concept of decumulation in the context of investment strategies.
2. Explore the importance of addressing client discomfort with investment risk during the decumulation phase.
3. Learn about the benefits of introducing guaranteed growth and/or income in a decumulation multi-tax wrapper investment strategy.

Retirement Income  – time for a new approach? – Just Group

Over recent years, many clients have experienced significant gains in their portfolios. But this is not without risk, especially for those in decumulation. During 2022, the economy experienced a number of shocks that have been reflected in high levels of inflation and interest rates. As we contend with the consequences, there are three key challenges clients face:

1. Facilitation of more income to keep up with rising costs.
2. Sustaining income over the longer term.
3. Improving legacy benefits.

In this session, Just Group will look at what can be brought into the mix to offer innovative features for a range of situations.

Learning objectives:

• Understand the impact of the economic environment on retirement income portfolios.
• Discuss the impact of markets on financial resilience and sustainability.
• Recognise the market developments in guaranteed income.

Differentiated Approach and Active Management – EPIC Investments

In this informative session by EPIC Investments, participants will:

• Gain insights into the relevance of decumulation in the current landscape, considering factors such as an ageing demographic, sequencing risk, and regulatory considerations from FCA.
• Identify the existing approaches to decumulation and their associated risks, particularly in relation to positive equity/bond correlations.
• Explore EPIC’s approach to effectively mitigating these challenges in decumulation, providing valuable strategies and solutions.