The growing use of wrap platforms mean investment trusts will be sold on the same basis as other products so they may become attractive to investors and advisers who have not used them before
The investment and savings landscape has come a long way since the 1980s. Pensions are undergoing a complete overhaul; mostly due to the fact that we are living longer. The economy also continues to surprise. Expectations of long-term inflation have reduced massively, leading to an inexorable decrease in the yields on bonds and gilts which underlie annuities. So not only are annuity rates being squeezed by low bond yields, annuity providers must also expect people to live longer and adjust annuity rates to take account of this. Products have also evolved. In the past 20 years alone, we hav...
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