 Why the default option in your pension scheme may not suit your retirement plans
If you are a member of a Defined Contribution (DC) pension scheme through your current or former employer, there is a good chance you are in a default investment option. A lot of schemes apply a default investment strategy known as “lifestyling”, which gradually moves your pension out of equities and into lower-risk assets such as bonds and cash in the years leading up to your selected retirement date. |