You are too busy and don’t understand them.
The existing arrangement is with a company who are difficult to call or get information from which is easy to understand and the statements they send out are confusing.
Many of our clients think that because they have an existing pension or saving arrangement with a ‘big company’ it is being managed and looked after.
Last month we launched a new multi-asset income sub-fund within the Momentum Harmony Portfolios, our Luxembourg UCITS fund range. We've seen strong demand for this strategy which reflects the low interest rate environment but also a general lack of investment options that deliver a reasonable level of income with only a modest level of risk.
Andrew Hardy, CFA