PMI Academy Partner: Phoenix CIS - Targeting better member outcomes with target date funds

In this case study, Phoenix CIS explores the use of Target Date Funds in DC investment strategies. The academy partner also looks at some of the TDF solutions that platform providers are implementing to address current and future investment challenges while delivering improved outcomes for scheme members at all stages of the savings lifecycle.

With increased focus on delivering value, improving diversification and managing the risk journey for Defined Contribution (DC) pension savers, trustees and their advisors are recognising the need for innovative new investment solutions that will contribute to improved member outcomes over the long term.

The flexibility offered by investment only platforms can open up a range of investment opportunities for DC schemes, providing access to the fund structures and investment vehicles they require, and delivering change as market conditions and scheme requirements evolve.

One popular solution is the use of Target Date Funds (TDFs), which can be tailored to meet a wide range of investment objectives, from accessing private market assets to incorporating Environmental, Social and Governance (ESG) considerations into scheme portfolios. Whole of Life TDFs can also provide decumulation options for members as they move towards and through retirement.

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