Lawrence Cook, Thesis AM's director of business development, has said pensions freedoms have pushed out the time horizon for investors, driving IFAs into the arms of discretionary fund managers (DFMs).
Cook (pictured) said the freedoms had prompted investors to look further into the future with their pension pots, including the legacy they will leave for their children. “When it comes to deciding what to do with their money, the changes have resulted in a recalibration as their pension pot is now perhaps for the next generation," he said. "It pushes out the time horizon.” He said many IFAs are struggling to cope with the implications of the new requirements using their own solutions, leading more to turn to DFMs. “IFA businesses are often not scaleable so many have considered o...
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