James Nield: The effects of sequencing risk on client pension pots

Four years ago next month, George Osborne, the then Chancellor of the Exchequer, announced sweeping changes to the pension landscape - foreshadowing the introduction of pension freedom in April 2015. One of the areas predominantly affected by these changes was the range of options open to individuals who invested into defined contribution (DC) pension schemes. The changes reflected a long-held Conservative rejection of the ‘nanny state', empowering pension investors with more flexibility - but, of course, with great flexibility comes great responsibility … In days gone by, the majorit...