Only delegate to the provider in special circumstances

pensions

You should not abdicate from input on asset allocation as this weakens your relationship with the client, but with specialist products it may be appropriate to delegate to the provider

Liability Driven Investment (LDI) is the new black. At least it is if you are a trustee of an occupational pension. I can remember a training course back in the early 1990s when I was studying for the taxation and trusts paper of the Advanced Financial Planning Certificate and being told that 'nobody should volunteer to be a trustee' in view of the requirements it entailed. But that was before the Pensions Act 1995, which introduced fines for trustees, and the Pensions Act 2004, which gave us potential prison sentences for trustees as well as a raft of new responsibilities, and empowered th...