IFAs say 'not enough income products'

A survey from the fund of funds manager shows 93% of surveyed IFAs believe there are not enough products available to safely deliver income of up to 7% after tax. A total of 94% of IFAs favour income products which give investors guaranteed income levels plus the potential for underlying income and capital growth. Paul Wilcox, chairman and technical director of WAY Group, says: “While certainty of income in a volatile investment climate is clearly a major consideration for IFAs wanting to reassure nervous clients, it is clear that plans which deliver both income and capital growth while f...