Following our July communication, we are delighted to confirm that our 2024 enhancements to Passive IRIS are now live.
2024 Enhancements – What’s New?
- De-risking at 10 years out from NRA
Now Passive IRIS will begin to de-risk (move from growth assets to more stable assets) at 10 years (previously it de-risked at 15 years) from pension investors’ planned year of retirement. Meaning investments will be exposed to growth assets for longer, offering the potential for higher returns.
- A more diverse asset mix
We have added a more diverse range of assets within Passive IRIS – greater diversification spreads risk and also allows more opportunity for return:
- Broader exposure to different types of equities – for example, emerging market equities.
- Exposure to new asset classes – for example, infrastructure assets, including utilities, energy, transportation networks, communications and transportation infrastructure.
- Adjusted bond exposure (lower risk assets) – exposure to European government and European corporate bonds has been reduced and we’ve adding new exposures to high yields bonds and emerging market bonds.
- Article 8 status
Passive IRIS funds (excluding annuity options) are now classified as Article 8 funds. Our revamped Sustainable Investing Hub has been updated with all the relevant material.
Click here to find out more.
