PA360 North: Why advisers should consider defined return funds

Albemarle Street Partners managing director Charlie Parker said there was "no free lunch" when trying to build greater predictability into client outcomes. "If you want to build in greater predictability to client outcomes there is no free lunch," he told delegates at PA 360 North on 4 October. "It involves giving up some upside, controlling our expectations but it can be done. If you stick to the rules, we can unlock the ability to plan more accurately and more accurate plans lead to happier clients. "If we know that our brains are these crackers things that make bad predictions a...