As new rules regarding pensions freedom come into force next month, Simon White, head of investment trusts at BlackRock, explains how closed-ended funds could be an alternative and attractive fit for retirement portfolios.
The modern retiree has a new economic environment to contemplate. The solutions on which they previously relied to generate an income in retirement - government bonds, annuities, or cash savings - are now paying notably lower income. However, they also have far greater choice about how they invest, following the pensions freedoms announced by the Chancellor last year, and which are due to come into effect this April. At first glance, investment trusts may not be the obvious answer to the modern retiree's dilemma, but they do have something to offer in this debate. The new retirement po...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
