One size doesn't fit all

Personal circumstances dictate that there is no 'one size fits all' solution for pension portfolios since an individual's own risk tolerance and time horizon are paramount in determining investment choice. Nevertheless, two crucial factors are at play in endeavouring to maximise risk-adjusted returns from retirement planning - tax mitigation and a robust investment strategy. For high earners tax mitigation will likely involve the use of vehicles such as Enterprise Investment Schemes (EIS), Venture Capital Trusts (VCTs) and Enterprise Zones (EZs) as well as pension contributions. These are...