If you bought Law Debenture shares in 2011, your income yield on that original purchase price last year was 9.8%. That's not a typo.

The people who need to understand this most are those heading into retirement with a pension pot, a gas bill in November, and the reasonable expectation that their income keeps pace with rising prices.

We sat down with Laura Foll, co-manager of Law Debenture, to talk about exactly how that happens. Why the investment trust structure changes everything. Why revenue reserves are not a pot of cash under the bed. And why a five-year view is the only sensible way to judge any of it.

Worth a watch if you're an adviser helping clients make the move from accumulation into drawdown, or if you're navigating that shift yourself.