A new beginning

Whatever the lasting legacy of 2008 becomes, one thing is for certain, this year will never be forgotten in the financial services world. Attitudes have changed, risks have been redefined and traditional investment models have had to be abandoned. One of the worst hit categories of investors has been those approaching retirement or those in drawdown with wild swings in fund values having a dramatic effect on retirement income. These events have led to a short term crisis of confidence in equities, and it is understandable that questions are being asked about their role in retirement por...