Discretionary management can play an important role in retirement planning. Julian Harper explains the benefits
Upon retirement, the subsequent loss of earnings needs to be replaced and for many this will come in the form of a pension scheme. It is of paramount importance that this, together with any other investments, is sufficient to meet both expenditure at retirement and future obligations. It is here that a discretionary manager can play an important role through the management of an investment portfolio tailored to meet an individual's requirements. These range from personal pensions such as self invested personal pension schemes (SIPPs) and small self administered pension schemes (SSASs) to ge...
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