Brooks Macdonald is set to launch a pension decumulation service.

Pension decumulation is the process of converting pension savings to retirement income, which helps those seeking a more defined income stream from their investments.

No details on Brooks Macdonald’s service have currently been revealed.

The service should be fully available to investors at the end of April, at which point more information will be released, the firm said.

Brooks Macdonald offers a range of investment management services and financial planning services to private high net worth individuals, pension funds, institutions...