Face to Face, PFS Breakfast Session : “If you can’t endure the short- & medium-term pain, you won’t achieve the long-term gain”
We are delighted to welcome Andy of Phoenix Asset Management for this face to face training workshop.
Session Overview:
Smoothed funds have, over the last decade, delivered a valuable short term volatility dampening effect on many investors portfolios. The total value of assets invested into such funds is now greater than £60 billion. There are 5 providers in this market, all with different shapes of fund and some similarities in the mechanism which provides the smooth journey enjoyed by many clients.
We will explore the different mechanisms, discuss the positives and negatives of each approach and the impact smoothed funds could have in both an accumulation and a de-accumulation plan.
We’ll look at the differences between Unit Linked Funds, With Profit Funds which are the product wrappers around the current crop of smoothed funds and compare that to the more common NURS structure of Multi Asset funds.
Learning objectives
By the end of the session, participants will be able to understand
- What is a Smoothed fund?
- How do smoothed funds work?
- What is the customer outcome a smoothed fund aims to deliver?
- How can smoothed funds be used in a financial plan.
Andy Brown
Head of Fund Solutions
Phoenix Asset Management
Andy is Head of Fund Solutions at Phoenix Asset Management. His role encompasses the design and management of Investment products for retail, wholesale and workplace investment schemes. He is involved in the design, build and management of the Standard Life Smoothed Managed Fund
Andy has over 30 years of experience in Investment Management, Product Development and Distribution. Most notably, he was one of the originators of the Prufund range of funds as well one of the first of the modern range of Risk Managed funds, the Prudential Dynamic Portfolios.
He has held senior roles at M&G, Morley Asset Management (now Aviva Global Investors), Deutsche bank and Norwich Union (now Aviva).
Venue
- The Kennford Room
- The Exeter Court Hotel
- Kennford
- EX6 7UX
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CII Accredited
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.