When I started in financial services 10 years ago, I entered a world where the With Profits Bond was king. Whilst we can all find reasons to criticise that world, the fact is that With Profits did provide an awful lot of what consumers wanted from an investment; potential upside, guarantees and an annual return whilst giving an indication of the level of income which could be safely taken from the fund. Within the fund itself, the actuaries had broad asset allocation powers, relieving us and our clients of the need to worry about such issues (at least that was the theory).
Read more on IFAonline at: The future of investment modelling
Simon J Farrant, APFS, Chartered Financial Planner is Head of Financial Planning at Distribution Technology Limited.
12th November 2007
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