Mark Hopcroft: Pacing your clients' pensions

As if historic lows from 10-year gilt yields and, by extension, the guaranteed retirement income rates provided by annuities were not enough to contend with, pension fund holders must now factor in the fall-out from a year of momentous events, led of course by the Brexit vote. Knowing when and how much of a pension fund to crystallise in such volatile conditions can be a daunting prospect. It is still less than two years since the so-called pension freedoms came into full effect but it is sobering to note that in Australia, where a similar regime has been in place for much longer, 40% of...