The third in a series of videos in which Paul Ilott, founder of Scopic Research, interviews the managers of funds that can help paraplanners and advisers address this question.
In this episode he talks to Craig Rippe and Jordan Sridharan, managers of the Canada Life Diversified Monthly Income Fund.
Over the past few months multi-asset research specialists, Scopic Research, has been conducting a retirement income project that has led them to uncover a small corner of the multi-asset natural income space that they believe has been completely overlooked as a retirement income strategy that could help to address the question as to ‘What is a safe withdrawal rate?’
The key takeaways and practical implications for paraplanners and advisers in this video are:
- The key risks advisers/paraplanners need to consider when recommending capital withdrawal strategies for retirement income.
- How do you define a safe withdrawal rate?
- How a predictable, naturally occurring, rising stream of income from a small cohort of multi-asset income funds can help and why this is so hard to come by.
- How to avoid the strategies that don’t fit the bill.
- Why the Canlife Diversified Monthly Income Fund is one of only a tiny cohort that does fit the bill.
- Why the focus needs to be on dividend income received and not on income yield!
- Why advisers might want to reassess the meaning of risk when it comes to retirement income.
- At what point should advisers introduce clients to the concept of natural income?
