Pensions World

The Search for Income by Maike Currie, £18.99, ISBN 978 0857190345 (332 pages) www.harriman-house.com

The search for income is not new. It is as old as the history of money and money’s older counterpart, credit, says personal finance journalist, Maike Currie, in this fascinating work for private investors. It begins by explaining the concepts of interest rates, inflation and yield, then moves to the investment assets themselves: cash, fixed interest, equities, funds including ETFs, property, infrastructure and timber.

Asset allocation and portfolio construction are also explained, as are the subjects of securing an income from your pension in retirement and shielding your investment income from tax.