Schroders launches flexible pre-retirement fund

Schroders has launched a fund to help defined contribution (DC) members coming up to retirement take advantage of incoming Budget flexibilities.

The multi-asset Flexible Retirement Fund aims to generate Consumer Prices Index (CPI) +2% returns over the business cycle. The fund also incorporates downside protection with a risk management overlay targeting a maximum loss of 8% over any investment period. The fund has an ongoing charge of 0.3% a year. It is aimed at people aged 55-65 wishing to either transfer into income drawdown at retirement or else take the money in lump sums from their pension pot. Such people are likely to need exposure to return seeking assets ahead of their retirement, as opposed to moving into bonds, w...