IRIS is actively managed which means that the investment managers select what they consider to be the most suitable assets for the fund (within the limits of the investment strategy). These investment decisions are based on analytical research and forecasting as well as the fund manager’s skill, experience and expertise. The fund manager will exercise their discretion within the limits of the IRIS investment strategy.
IRIS is aimed primarily at pension investors who want to take a retirement lump sum and invest in an Approved Retirement Fund (ARF) at retirement. The chart below illustrates how the asset mix of IRIS automatically changes over the 15 years leading to retirement.
Additional IRIS Options
While IRIS is aimed primarily at pension investors who want to take a retirement lump sum and invest in an ARF at retirement, additional IRIS options aimed at individuals who want to purchase an annuity or take a cash lump sum at retirement are also available. The asset mix of these options will differ to the asset mix of the IRIS default option only in the five years before your retirement year. More information on these options is included below.
IRIS Annuity Option
The IRIS Annuity Option is aimed at pension investors who plan to use their retirement fund to purchase an annuity at retirement. Five years from your retirement year the asset mix starts to be tailored to specifically suit pension investors who plan to purchase an annuity at retirement.
IRIS Lump Sum option
The IRIS Lump Sum Option is aimed at pension investors who plan to use their retirement fund to take a cash lump sum at retirement. Five years from your retirement year the asset mix starts to be tailored to specifically suit pension investors who plan to take a cash lump sum at retirement.
While the asset mix of the options above will differ to the IRIS default option only in the last five years, you can switch to the IRIS Annuity Option or the IRIS Lump Sum Option at any time.
Further information on the IRIS fund is available in our IRIS brochure.
Warning: The value of your investment may go down as well as up.
Warning: If you invest in these funds you may lose some or all of the money you invest.
Warning: This fund may be affected by changes in currency exchange rates.