The move to defined contribution (DC) pensions is putting the onus on individuals to save for their own retirement. The challenge for providers is to meet DC savers’ realistic expectations, without putting an undue financial and fiduciary burden on employers and trustees. We believe schemes that use flexible target date funds as their default option can meet all these aspirations and more.
Our flexible target date funds:
- Transfer the burden of change from members to the default manager
- Match members’ need for risk and return at any stage of their working life by providing a sophisticated asset allocation glide path
- Manage portfolios proactively through market moves, regulation and innovation
- Improve governance by handing a professional responsibility for the default’s objectives
- Minimise upheaval when changes need to be made to assets, managers or administrators
- Simplify saving by freeing members from the need to agree every change
Our flexible target date funds offer a value-for-money solution that can be pre-packaged or customised to suit the client. For further information, please contact Tim Banks on+44 (0)20 7959 4783 or tim.banks@alliancebernstein.com