Royal London has boosted the equity allocation of its target lifestyle investment strategies during the growth phase.
This change has been designed to improve retirement outcomes for members and will affect all savers in one of Royal London’s target lifestyle strategies who are more than 10 years from retirement. This includes those in its default investment solution, the Royal London Balanced Lifestyle Strategy (Drawdown). As a result of this change the overall proportion of growth assets in this default solution will increase from 82.5 per cent to 92.5 per cent.
Royal London director of investment propositions Iain McLeod says: “We’re constantly reviewing and evolving our propositions to ensure they meet changing customer needs and to reflect our ambitions to be a leader in diversified, future-focused investment strategies.
“We will continue to explore opportunities to enhance our range for customers, across private markets, alternatives, traditional fixed income and equities, as the backdrop continues to evolve.
“This update, based on extensive modelling, reflects our belief in the long-term benefits of growth assets and our commitment to delivering better outcomes for members.”
