The topic for debate at our most recent Young(er) Adviser roundtable was Centralised Retirement Propositions (CRP) and decumulation strategies.
What was most interesting was the lack of demand for a dedicated CRP – nine out of 10 of the attendees didn’t use one and didn’t intend to. It wasn’t so much that they disagreed with them, more that they were a solution to a problem that doesn’t exist, believing they were unnecessary for managing their retired clients.
What did become apparent though, is the level of hand-holding the advisers need to do with clients as they approach retirement. This is where advisers really earn their fees. You can find out more about the conclusions from our event in this recent article I wrote for FT Adviser (read it here).
If you’re strapped for time and can’t read the article, here’s some feedback that stood out for me:
If you would like to see the full notes from the Young Adviser session, or would like to be invited to the next one (don’t let age be a barrier!), please do get in touch via engagement@portfoliometrix.co.uk.