Architas and technology firm BirthStar have launched seven retail funds that follow an age-based strategy more commonly associated with default auto-enrolment (AE) pension funds.
The Architas BirthStar Target Date funds are managed by AllianceBernstein in line with a 'target date' - the point at which an investor wants to start withdrawing from their fund. Investors with the same target date - from 2015 to 2050, depending on the fund - are grouped together to be managed collectively, to achieve the same sort of economies of scale, and therefore lower costs, available to pension fund savers. Asset allocation of the funds is adapted as the investor nears their target date, for example retirement, in a rotation out of riskier assets and into a more cautiously man...
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