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He highlights their growing value in terms of topping up retirement income following the UK government’s move to reduct the life time allowance for pension savings to £1m ($1.5m, €1.3m) this year.
Thompson also notes these trusts can be beneficial for clients already in retirement who can use the structure to both receive benefits for themselves and pay things like school fees for grandchildren.
CB Payments Limited onboarded more than 13,000 high-risk clients who executed $226m worth of transactions
Brooks Macdonald adds head of adviser solutions
Income-related fund research had been in decline
Matteo Dante Perruccio, senior adviser at 3iQ, on crypto’s entry into the asset management industry
Biden withdraws from presidential race, endorsing Vice President Kamala Harris in his wake
Morningstar’s Evangelia Gkeka looks at the path for the UK bond market in the coming years
