Editor’s letter
Issue 58 / January 2020
W
RISK OF DEFAULT
The drawbacks of the
default pension fund
LEAVING HOME
Why income investors
should look outside the UK
SIPP BY SIPP
A beginner’s guide to
setting up a SIPP
Fund, Pension, Trust / Sector Profile / Stockpicker / What I Bought Last
ISSUE 58
CREDITS
TRUSTNET MAGAZINE IS
PUBLISHED BY THE TEAM
BEHIND TRUSTNET IN SOHO,
LONDON
WEBSITE: www.trustnet.com
EMAIL: editorial@fefundinfo.
com
e are
regularly
reminded
that we are not saving
enough for our old
age, but have you
ever wondered what
retirement would
actually look like if you
haven’t paid enough
into your pension?
In this month’s cover
story, Hannah Smith
looks at the example
of Sarah, a 58-year-
old mother of three
who always had good
intentions when it
came to saving for
retirement, but who
found life always got in
the way. Unfortunately,
her story is an all-too
familiar one. It is not
all doom and gloom
though, as Laura Miller
Is there a liquidity problem Leaving home
in UK small cap?
Income investors may be better
Anthony Luzio
Editor
T: 0207 534 7652
Javier Otero
Art direction & design
W: www.feedingcrows.co.uk
Sales
Richard Fletcher
Head of publishing sales
T: 0207 534 7662
Richard Casemore
Account manager
T: 0207 534 7669
Constance Candler
Account manager
T: 0207 534 7668
Photos supplied by iStock
Cover illustration: Javier Otero
In our regular
columns, Waverton’s
Luke Hyde-Smith
names the trust he
is using to diversify
away from equities and
bonds, BMO Global
Asset Management’s
Jamie Jenkins picks
three stocks set to
benefit from the
increased focus on
sustainability and,
finally, in this month’s
sector focus, I find out
why it is so important
to take a global outlook
when investing for
income.
Enjoy reading,
Anthony Luzio
Editor
Contents
CONTACTS:
Editorial
Gary Jackson
Editor (Trustnet)
T: 0207 534 7680
Rob Langston
News editor
T: 0207 534 7696
Eve Maddock-Jones
Reporter
T: 0207 534 7676
finds out there is an easy
– and free – fix for NEST
savers to boost the value
of their pension. Staying
on this theme, Pádraig
Floyd finds out that
what are regularly cited
as the main weaknesses
of pensions could
actually be their biggest
strengths, while John
Blowers reveals how to
set up your SIPP.
52
The grim reality
Hannah Smith reveals what
retirement looks like for a
typical NEST saver
P. 4-13
Continental blend –
the case for European
companies
Stephen Paice and Moritz Sitte
reveal what changes they have
made to the Baillie Gifford
Henderson Opportunities
Trust’s James Henderson
explains why liquidity concerns
around UK smaller companies
may be exaggerated off looking outside the UK for a
core fund, writes Anthony Luzio
P. 28-31 Costing your retirement
expenditure
P. 44-49
Data hub
For your own good P. 50-51
The lack of choice and
flexibility that are cited as the SIPP by SIPP
P. 14-19 major weaknesses of pensions
could actually be their greatest
strengths, writes Pádraig Floyd John Blowers runs through the
key points to consider if you
want to set up your own SIPP
Risk of default P. 32-37 P. 52-59
Fund, pension, trust Keeping it up
Allianz Gilt Yield, SYZ Oyster
Absolute Return and Edinburgh
Worldwide find themselves
under the spotlight this month BMO’s Jamie Jenkins
names three stocks set to
benefit from the increased
focus on sustainability
P. 38-43 P. 60-61
European Growth Trust since 18
taking charge last year
Laura Miller says switching
out of the default fund in your
pension scheme could be the
biggest step you take towards
achieving your retirement
goals
P. 20-27
What I bought last
Waverton’s Luke Hyde-Smith
reveals which trust he is using
to offer diversification away
from equities and bonds
P. 62-63
50