Lifestyle funds follow investment strategies designed to meet the needs of investors saving for retirement.
They are specifically aimed at investors who will be using the majority of their fund to buy an annuity, i.e. a regular pension payment, at their retirement date. Depending on your term to retirement, the Lifestyle fund for you may invest heavily in:
– stocks and shares, property and other growth assets
– OR long-dated government bonds
– OR a mixture of both these asset types plus cash
Typically lifestyle funds start with most of their money in equities and switch to long-dated bonds and cash closer to retirement. Lifestyle funds can be quite volatile, i.e. their value can fluctuate significantly. It is important that you discuss your retirement plans with your financial advisor to help select the fund that suits you best.
Note that Lifestyle funds are typically not suitable for pension investors who intend investing in an Approved Retirement Fund (ARF), particularly if they are within 5 years of retirement.
Our range of Lifestyle Funds:
IRIS Retirement Funds Indexed Eurozone Long Bond Fund