As the demand for income continues unabated, David Hambidge, director, Premier Multi-Asset Funds, urges investors to look beyond the traditional income-producing assets.
Record low interest rates, stubbornly high inflation, rock-bottom returns from banks and building societies, and changing demographics have sparked an increasing demand for alternative sources of income. Income-hungry investors are realising that, to achieve a decent income stream, they now need to look beyond traditional income-producing assets. The harsh reality is that, if your client's money is tucked away in a typical bank or building society account, it is highly likely the value of that money is shrinking in real terms. Back in March 2009, interest rates hit a record low of 0.5...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes