Veteran baby boomer adviser calls for profound fund industry rethink of 'total return'

Mark Battersby
clock • 4 min read

Advice veteran Doug Brodie has called on the UK's Financial Conduct Authority and the wider fund industry to redefine risk classifications to better reflect income needs in the post-QE world. In a letter to the regulator, the chief executive and founder of UK retirement income planning firm Chancery Lane urged it to amend its rulebook, differentiating between its definitions of income risk and capital risk. Chancery Lane's experienced ‘baby boomer' team is focused solely on decumulation phase of retirement aimed at solving income challenges in a low interest rate era, including non-ex...

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