Risk Capacity with pensions

If an investor has a pension portfolio and they are not old enough to access it, then it is worth considering the Risk Capacity of their aggregated investments and their non-pension investments distinctly. This is because a pension which an investor cannot yet access could, in some circumstances (i.e. when Risk Capacity of aggregated investments is low), act as a spur to take on undue risk. In such cases, we perform a separate calculation of Risk Capacity specifically for non-pension investments.