7IM broadens income‑focused model portfolios

The provider said the expansion of its Income Model Portfolios was also prompted by a reduction in capital gains tax (CGT) allowances and broader changes to the financial planning environment. The proposition now covers six risk profiles - Cautious, Moderately Cautious, Balanced, Moderately Adventurous, Adventurous and Adventurous Plus – which it said better enabled advisers to align income strategies to client risk appetites. It said the range was "designed to help advisers meet client objectives more effectively, particularly where income generation and tax efficiency are becoming c...