Pension

Whether you’re building up a pension, investing, or putting money into savings, the aim is clear: to create a financial safety net for later life. But once you stop working, the goal shifts. Now it’s about how you use what you’ve built. This shift is known as decumulation - using your accumulated assets to fund your retirement. It can be one of the most challenging transitions in personal finance, especially as people live longer and rely more heavily on defined contribution (DC) pensions. So, how do you approach this new phase with confidence? What is decumulation? Put simply, decumulation is…