Is it time to put more growth assets into income portfolios?

Advisers and their clients with an income focus have faced the dilemma in recent years that while equity and bond prices have generally gone up, the yields on those assets have fallen.

And while yields have risen on both asset classes in recent months, inflation has dented the real value of the income generated.

The other, more long-term, consideration is that clients in retirement are now likely to live longer, often creating a need for some capital growth in retirement.

But is the right approach to own some growth assets that may not produce an income, in an income portfolio?