eValue relaxes rules on 'home-biased' model portfolios to offset Brexit effects

The UK's vote to leave the European Union, held in June, has led to lower prospective yields and higher market volatility, which meant retirees using drawdown were facing increasing risks to their income in later life, eValue said. To offset potential losses for investors predominantly focused on home-based assets, eValue removed its restrictions on investments in developed overseas equity markets, allowing investors to benefit from potentially higher returns in markets such as the US. The firm also reduced the floor on UK government bond yields from 0% to -1.0%, and removed restricti...