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Birmingham Post
Birmingham Post
Business
Peter McGahan, chief executive of Worldwide Financial Planning

YOU WONT BELIEVE: Targeted retirement funds - You Need To See This

Peter McGahan Worldwide Financial Planning

‘In the olden days’, the general advice regarding a pension fund was to begin reducing the equity proportion of your investment fund as you approached retirement.

The reason for this was twofold: equities carried a higher risk than bonds and property; almost all retirees bought an annuity which was then a ‘locked-in’ income.

I’ll cover these and why they are important.

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