Individual savings markets will come under further pressure in 2009. Those disposable funds which are available for investment are on the whole more likely to be held in short term defensive products. For those who are looking to invest, flexibility in investment strategy – either by duration or asset allocation – is increasingly critical. Our portfolio bond and unit trust products, along with our rapidly expanding SIPP business, are ideally positioned to meet these demands whether for cash, corporate bond or high-alpha equity investments.
We see good opportunities in workplace pension and savings products as employers continue to focus on good-value components of remuneration and benefit packages.