BlackRock is launching a new range of three target-date funds ahead of pension freedom reforms coming into effect on 6 April.
The group plans to launch three new funds - LifePath Retirement, LifePath Capital and LifePath Flexi funds - to replace its previous target-date offering. The three funds will cater to each of the options investors will have at retirement according to the new rules. The Retirement fund will be for those planning to buy an annuity at retirement; the Capital fund will be for investors planning to take their DC fund as a cash lump sum; and the LifePath Flexi will cater to those planning to leave their DC fund invested and draw down income.. The three funds will all invest in the same...
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