This publication is designed for professional financial advisers and paraplanners who are providing advice on using pension savings to secure an income in retirement.
It will focus on one of the options available – smoothed managed funds – an umbrella term attributed to multi-asset funds that implement a formulaic or actuarial process to smooth short-term returns.
In partnership with Wesleyan
The publication is split into two parts.
Part 1
We’ll start by exploring developments in regulation including the latest
insights from the FCA regarding Consumer Duty, highlighting both good and
bad practices observed since its implementation. We’ll also examine the key
findings from the FCA’s Retirement Income Advice Thematic Review, published
in March 2024, which are relevant in the context of smoothed managed funds.
Additionally, we will have a particular focus on four key risks that advisers
should address when providing retirement income advice:
- Political and environmental risk
- Sequencing risk
- Inflation risk
- Longevity risk
Finally, we define the smoothed managed funds taxonomy and explore the
role of smoothed managed funds including with profits funds. We trace their
evolution over time to arrive at the present day, where they are considered a
key component in well-structured centralised retirement propositions.
Part 2
Here we put the spotlight on Wesleyan as a firm, its structure and support for
advisers.
Additionally, we take a look at the Wesleyan With Profits Growth Fund which is
available for advisers to recommend on investment platforms. This includes
the fund’s objective and target market, its investment process, the teams
behind the fund plus its accessibility and charges
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