Thesis: Pensions freedoms have driven IFAs to DFMs

Need to consider longer time horizons

Alice Rigby
clock

Lawrence Cook, Thesis AM's director of business development, has said pensions freedoms have pushed out the time horizon for investors, driving IFAs into the arms of discretionary fund managers (DFMs).

Cook (pictured) said the freedoms had prompted investors to look further into the future with their pension pots, including the legacy they will leave for their children.  “When it comes to deciding what to do with their money, the changes have resulted in a recalibration as their pension pot is now perhaps for the next generation," he said. "It pushes out the time horizon.”  He said many IFAs are struggling to cope with the implications of the new requirements using their own solutions, leading more to turn to DFMs. “IFA businesses are often not scaleable so many have considered o...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Wealth Management

Ex-Fidelity International's Leigh Himsworth: How the push for scale is causing issues for asset and wealth managers

Ex-Fidelity International's Leigh Himsworth: How the push for scale is causing issues for asset and wealth managers

'Industry pressure'

Leigh Himsworth
clock 26 September 2024 • 4 min read
Tavistock slams Titan for taking 'vexatious' step as dispute heads to High Court

Tavistock slams Titan for taking 'vexatious' step as dispute heads to High Court

Titan's claim has 'no merit'

Isabel Baxter
clock 20 September 2024 • 1 min read
Latest from Investment IQ: US election year - Market trends to watch

Latest from Investment IQ: US election year - Market trends to watch

Join our sister site Investment IQ for the latest investment intelligence

Investment IQ
clock 04 September 2024 • 2 min read
Trustpilot