Baillie Gifford, 10th June 2026, Online

Finding the balance between stability and flexibility in retirement income

Retirement income planning involves a series of trade-offs. Investors need to balance the need for dependable cash flows today with the need to preserve flexibility and protect purchasing power over time. In this session, Nicoleta Dumitru, Investment Manager, examines the three main risks faced in decumulation: longevity risk, sequencing risk and inflation risk. She will explore how a flexible, multi-asset, global approach can help address these challenges. The session will also compare annuities and drawdown, consider why income stability can at times matter more than capital stability, and show how diversification and dividend growth can support a more

Learning Objectives:

Cut through the complexity of decumulation: understand longevity, sequencing and inflation risk, and focus on the practical actions that can make the biggest difference.

Assess retirement income choices with confidence: compare annuities and drawdown through the lenses of income reliability, inflation resilience and capital flexibility, and apply that framework to real client needs.

Connect global opportunity to resilient income: explore how diversification, dividend growth and multi-asset flexibility can help build a retirement portfolio designed to support spending power over time. 

Speaker:

Nicoleta Dumitru, Investment Manager, Baillie Gifford

Nicoleta is an investment manager in the Multi Asset Team and part of the Monthly Income Portfolio Construction Group. She joined Baillie Gifford in 2013 after graduating BSc (Hons) in Management and Marketing from the University of Manchester that same year.

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