NextWealth: DFMs missing out on decumulation assets

'Constrained by platform functionality'

clock • 2 min read

Discretionary fund managers have been found to be missing out on decumulation assets due to platform restraints, according to a report by NextWealth.

The research showed that 60% of advised assets are for clients receiving retirement advice, and highlighted that half of financial advisers say they would never recommend a DFM for a client in decumulation, either through a bespoke investment or managed portfolio service. According to the report, DFMs say they are primarily "constrained by platform functionality". The study added that many also do not see it as their role to manage money in line with a withdrawal strategy. NextWealth stated: "The challenge is significant because every client will have slightly different needs when it ...

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