In truth this aphorism is simply axiomatic. The bulk of equities performance over the longer term is driven by dividends; most portfolios are based around the concept of a predictable income base around which to build more speculative capital growth bets.

Income options are also typically the ultra safe foundation of any effective investment plan: defensive blue-chip equities, ultra-safe government debt or top-of-the-capital-structure corporate debt.

The fly in the ointment is that the risk vs return balance has been progressively tipping away from investors in recent years, as risk-free yields have plummeted and even equity dividends have dwindled. People have been looking for alternatives and found solace in property and trusts.

Now, with pension freedoms set to push more to seek investment-based income for longer, this space is in sharp focus in particular relation to the yields available, the risk that needs to be taken, and the range of options open to newly empowered retirees.

This special report will elucidate the key issues by focusing on the major equity income and bond sectors, as well as the investment trusts and property vehicles which are also moving into the mainstream and are lining up to take much of this new business.

ashley.wassall@ft.com

This special report is sponsored by Architas. All editorial is independent.