Do-it-yourself (DIY) Annuity Portfolios 2.0
Pension Insight +
10 minutes =
Meeting pensioner cashflows through redemptions and disinvestment can result in transaction costs and are only possible when the assets are sufficiently liquid. In times of market stress, the cost of trading ‘liquid’ assets can increase significantly, and some funds can even restrict trading. Moreover, arranging cashflow disinvestments in a timely manner can be a governance burden for sponsors.