Jobson-Wood says: "If an investment solution (drawdown) is considered appropriate, then sufficient investment risk ought to be taken by the client that’s consistent with their [attitude to risk], but also to ensure there’s the opportunity for real (above inflation) levels of growth and, therefore, helping to maintain the purchasing power of income withdrawals.
"In addition, advisers ought to determine the appropriate levels of withdrawal – both to meet the client’s expenditure requirements but also to help ensure income sustainability through retirement.
A comprehensive and regular review process, incorporating an adjustment to the level of income withdrawal where appropriate, ought also to be an essential element of an adviser’s retirement advice proposition."
Fiona Nicolson is a freelance journalist
