Wise Funds has shifted from quarterly to monthly income distribution for its Multi-Asset Income vehicle in response to changes under the 2015 Pension Schemes Act.
The firm said the shift, which will take place without smoothing of the payment, will provide advisers with better cashflow planning flexibility. Business development manager at Wise Funds, John Newton...
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Reporting to Steve Hill
Appointed on 19 September
Plans to double size in five years
Unnamed company valuation reduced