Wise Funds has shifted from quarterly to monthly income distribution for its Multi-Asset Income vehicle in response to changes under the 2015 Pension Schemes Act.
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...
IA Public Register data
Trustees fear breaking the rules
‘Little understood’ system
'Festering sore on the face of pensions'
Numbers jumped due to auto-enrolment
Comprises c.300,000 customers
27 and 28 October
Doesn’t have to be complicated
Starts beginning of November