Retirees invest in income-generating assets mainly to cover running expenses, make pension payments to retired members and manage risk through diversification.

One of the most prudent principles to apply when looking to construct a well-diversified portfolio is to include assets that are uncorrelated, that is, do not move in the same return direction at the same time.

Investment strategies should always be reviewed regularly and the level of diversification employed is an element that must always be taken into account. It comes down to making a decision as to whether a portfolio should include investments in a wider variety of asset classes.

Responsible investing is becoming increasingly mainstream as individuals gain awareness of the power they have, through their money, to effect positive change in the world.