When it comes to retirement saving, people want to feel confident that their investments are on the right track, not just today, but right the way through to retirement.
Although Target Retirement Funds (TRFs) have only recently come to the UK, they are not new. They were introduced into the US pension market in the 1990s. Their adaptability marks a significant progression from lifestyle strategies. TRFs are flexible enough to accommodate changing member needs, market conditions and regulations.
From the very first day a member starts contributing to their pension, right through to the day they retire, the asset allocation in our Timewise Target Retirement Funds™ is expertly managed. The aim of our glide path approach is to ensure that people are invested in the right asset classes at the right time – throughout all the phases of their working lives.
Understanding people's retirement income needs and expectations is a crucial starting point for our investment design:
- Helping us gain in-depth knowledge of both member objectives and attitudes to investment risk to deliver more predictable outcomes
- Enabling us to systematically structure asset allocation over time – in line with the ultimate aim of replacing income from employment into retirement
- Allowing us to create funds that are responsive and durable to changing member needs
With an intelligently devised and cost-effective combination of assets, target retirement funds offer a powerful and flexible investment solution for people in workplace pension schemes. For many trustees and scheme sponsors target retirement funds will be a compelling choice for a default investment option.
In our role as a PMI Insight Partner, we share our latest insights, research and intelligence on why a target retirement fund may be the right default fund structure for pension schemes today.
How people say they feel about risk does not necessarily match the language they respond to. Women and men talk differently about pensions but how do they react to different message types? In this report, SSGA teams up with The People’s Pension and The Pensions Advisory Service to show how you can communicate more effectively with your scheme members using two simple techniques.
Why is this important? Because the right messaging may help everyone save more.
One year on from the research we conducted with The People’s Pension, we check in with 80 DC pension scheme members who shared with us their journey towards using the pension freedoms to access their pension pots. Have those who were procrastinating now made a choice? And, do those who made a choice think they did the right thing? What would they do differently? Explore consumer decision making behviours under Freedom and Choice
Our latest edition of our Defined Contribution magazine, CONTRIBUTE we explore changes in life patterns and retirement, and how our industry is adapting to serve a growing legion of DC pension savers.
Diversification for an Uncertain World
As markets swing with political fortunes, how are DC plans guarding against volatility?
Evolving Governance for Better Outcomes
Scaling for efficiency and expertise in DC plan investment governance.
Many Happy Returns
Key policy and structural challenges for UK DC as auto-enrolment gets set to celebrate its 5th anniversary.
Indexing on Target
How Index Investing Keeps Members on Track.
New Choices, Big Decisions
What pension’s personality are you? In part 2 of research conducted with The People's Pension, we explore consumer decision making and behaviours under Freedom and Choice. Click here to read Report 1 and here to read Report 2.
Timewise Target Retirement Funds
Watch Maiyuresh Rajah, CFA and Senior DC Investment Strategist, SSGA explain why target date funds are dynamic, adaptable and intuitive. Further details can be found here.
State Street Global Advisors Investment Insight Columns
Investment Insight - August 2017
Alistair Byrne, Head of Investment Strategy, European Defined Contribution at State Street Global Advisors looks at diversification for an uncertain world.
Investment Insight - May 2017
Daniel Leuty, UK Head of Strategic DC Clients at State Street Global Advisors looks at evolving governance for better outcomes.
Investment Insight - March 2017
Sahil Sethi, Senior DC Strategist at State Street Global Advisors looks at shifting perspectives and how retirement ages are extending out. He discusses making the transition into retirement, saving more and looking ahead.
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Timewise Target Retirement Funds are designed for investors expecting to retire around the year indicated in each fund’s name. When choosing a Fund, investors should consider whether they anticipate retiring significantly earlier or later than age 65 even if such investors retire on or near a fund’s approximate target date. There may be other considerations relevant to fund selection and investors should select the fund that best meets their individual circumstances and investment goals. The funds' asset allocation strategy becomes increasingly conservative as it approaches the target date and beyond. The investment risks of each Fund change over time as its asset allocation changes.
This document should be read in conjunction with its Strategy Disclosure/Supplemental/Policy Document. All transactions should be based on the latest available Strategy Disclosure/Supplemental/Policy Document which contains more information regarding the charges, expenses and risks involved in your investment.
Investing involves risk including the risk of loss of principal. The information provided does not constitute investment advice as such term is defined under the Markets in Financial Instruments Directive (2004/39/EC) and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell any investment. It does not take into account any investor's or potential investor’s particular investment objectives, strategies, tax status, risk appetite or investment horizon. If you require investment advice you should consult your tax and financial or other professional advisor. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.
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