Doug Brodie: Using investment trusts to solve the drawdown problem

The danger for any adviser working with drawdown clients is that the success of the selected investment strategy is binary – the results cannot be fudged, you can't blame geopolitical events or incompetent world leaders, the income is either what was requested or it's not.  Clients never come to an adviser to query the investment strategy of their defined benefit (DB) scheme, nor the fragility of the gilt portfolio behind their annuity and that's because they get an income that is calculated and delivered by someone else, who didn't ask their opinion, their understanding of risk or their...