Ellis comments: “You just have to say, If you need a pound out, you take a pound out. But if the market drops you will take [out] an equivalent of £1.20, to get your pound.”
Being able to explain potentially complicated concepts in the way the end investor will understand obviously helps them to comprehend the risks and possible outcomes of the decisions they make. This has become even more important now that pensions assets have to work harder for longer and the balance between investment and drawdown has become an art that is finely balanced.
Ellis says: “Our job is to understand and interpret – that is where we add our value”
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