Wise Multi-Asset Income moves to monthly distribution following pensions shake-up

In response to changes under the 2015 Pension Schemes Act

Wise Funds has shifted from quarterly to monthly income distribution for its Multi-Asset Income vehicle in response to changes under the 2015 Pension Schemes Act.

The firm said the shift, which will take place without smoothing of the payment, will provide advisers with better cashflow planning flexibility. TOBAM brings multi-asset strategy to retail market Business development manager at Wise Funds, John Newton explained that as "the impact of the 2015 pension freedoms" have become clear, "clients need monthly income payments to work in the same way as annuities did".  He added: "Getting regular amounts of money paid into their accounts each month. We are responding to an evolving landscape." Quilter Investors expands Cirilium multi-asse...