Examples of Barclays’ advisers placing a number of risk-averse customers nearing retirement in a single specialist fund, resulting in huge losses, have done little to alter IFAs’ impression of bank advice.
The most recent rebalancing of the Adviser Fund Index was in November 2008 in the wake of market collapse following the Lehman Brothers’ bankruptcy. Six months on, the AFI is due to be rebalanced again in May as markets tentatively start to rise.
Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief. Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place. And that got me to thinking […]
How to make a pot of money last a lifetime- this is the crux of the retirement challenge. While the retirement landscape has undergone significant changes, the fundamentals of the challenge have remained the same but the responsibility for addressing it has shifted from institutions to the individual. Drawdown accounts are now the most popular […]