RE: How I turned my tiny SIPP pension pot into millions.26 Jan 2022 05:53
This almost guarantees these pensions never return , an amount, for the average investor to live on in retirement. !!!!
Standard Life to put 1.5 million pension members in sustainable multi asset strategies
By Jean-Baptiste Andrieux 12th January 2022 7:00 am
Standard Life, part of Phoenix Group, will make a series of changes to its largest pension fund propositions, Active Plus and Passive Plus.
The pension provider will embed over 1.5 million pension customers and 9,000 workplace pension schemes into its sustainable multi asset strategies.
That will also include a cohort of members from Standard Life’s master trust schemes.
Standard Life looks to have £15bn moved into the new strategies by the end of 2022.
The changes will provide a mainly passive, lower-cost sustainable solution focused on growth and outcomes.
Those sustainable multi asset solutions aim to enhance returns over the long term. Standard Life is aiming to achieve this by taking appropriate levels of risk earlier and optimising the glidepath to manage that risk.
The core of the new investment design encompasses more risk in the growth phase and gradually de-risks over a 15-year glidepath.
With this design, Standard Life looks to provide a balanced approach to risk management.
To accommodate certain product design considerations, a 10 year glidepath will be available for some existing members.
Standard Life head of investment solutions Gareth Trainor told Money Marketing: “You’re going to see a lot more growth early on in the glidepaths for members.
“But the overall design is to de-risk over a longer period.
“All of the risk is increased earlier on, but de-risked over a longer period of time into retirement.”
The sustainable multi asset strategies will also offer a number of default outcomes for members. That includes fixed income (annuity), flexible income (drawdown) and lump sum options to its universal option.
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