Advising Clients

Question 1

What 8 factors should be taken into account when advising a client on suitable investment funds in a Drawdown Plan?

Answer 1

1. Attitude to risk
2. Capacity for loss
3. Health/life expectancy
4. When is the client likely to purchase an annuity
5. Income plans for the Drawdown
6. What other assets does the client have?
7. Ethical preferences
8. Where are they currently invested?