DRAWING A BLANK Pádraig Floyd says the industry and end consumer alike are still struggling to make sense of pension freedoms P . 2-5 / WOULD YOU LIKE THAT IN A SMALL , MEDIUM OR LARGE , SIR ? Henderson ’ s Neil Hermon offers three reasons why it can be more lucrative to invest in smaller firms than their larger counterparts P . 6-7 / THE ADVICE AGE COMETH Maggie Williams says stringent rules around the Pensions Advice Allowance appear to be hampering its take-up P . 8-10 / DEPENDABLE DIVIDENDS The co-managers of SAINTS believe they have identified the characteristics of businesses best placed to offer a consistent payout to shareholders P . 12-13 / THE RIGHT TRACK Is it a good idea to invest your pension pot in passives ? Anthony Luzio finds out P . 14-16 / FUND , PENSION , TRUST Trojan Global Equity , BlackRock Smaller Companies IT and Edinburgh Investment Trust find themselves under the spotlight this month P . 18-20 / ON THE RISE The Japanese market is rallying after years in the doldrums – but , asks Adam Lewis , have investors missed out on the easy gains ? P . 22-25 / TAKING BACK CONTROL John Blowers highlights some of the major considerations for investors who want to take full responsibility for their retirement income P . 26-28 / MEANING BUSINESS Evenlode Income ’ s Hugh Yarrow names three stocks that help streamline their customers ’ businesses , helping them cope with a changing world P . 30 / WHAT I BOUGHT LAST Aviva Investors ’ Thomas Wells is using the Baillie Gifford Japan fund to complement an existing holding in GLG Japan Core Alpha P . 31