This was the year alternative investments went mainstream

When life gives you lemons, make lemonade, so the saying goes. This blend of optimism and pragmatism has been vital during 2016. And those qualities continue to serve the financial services industry well, given the rule changes that are keeping product providers, financial advisers – and investors – on their toes. Take the recent adjustments that affect pensions and retirement planning. Pensions are still one of the most tax-efficient investments out there. But they’re no longer as efficient as they used to be. Since 2015, a tapered annual contribution limit has been introduced, ranging from £40,000 (the upper limit) to as little as £10,000 for those who earn £210,000 or more. And back in April this year, the Lifetime Allowance (LTA) was reduced from £1.25m to £1m. Read more: