Wise Multi-Asset Income moves to monthly distribution

The firm said the shift, which will take place without smoothing of the payment, will provide advisers with better cashflow planning flexibility. Business development manager at Wise Funds, John Newton explained that as "the impact of the 2015 pension freedoms" have become clear, "clients need monthly income payments to work in the same way as annuities did". TOBAM brings multi-asset strategy to retail market He added: "Getting regular amounts of money paid into their accounts each month. We are responding to an evolving landscape." Newton also noted the change was in response t...