Melissa Gallagher, head of investment trusts at Allianz Global Investors, analyses the role investment trusts can play in pension planning as more investors avoid annuities.
The pension changes introduced at the start of this tax year created real opportunities for retirees to structure their pension portfolios in a way that suits their individual needs and resources. Annuities may or may not play a role in that, but it is increasingly clear a range of solutions to deliver a reliable income stream with capital growth for the long term are needed. Here is where investment trusts have a role to play. The search for alternative income options for retirees has a number of drivers. The demographic data, for example, is stark. A man in the UK now lives an average...
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