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Fund firms urged to adopt active lifestyle

Fund managers need to offer investors better lifestyle products that reduce risk over time, says Bates Investment Services.

Research from the IFA company shows that passive lifestyle products can lead to investors losing out since the investment can move out of equities without regard to what the wider economy has done.

The analysis from Bates concludes that actively managed lifestyling, rather than a sca-ling down of equities in fixed periods, is needed to make the most of market conditions.

The firm is calling for fund management groups to commit to actively managed lifestyled investments – products where the asset allocation moves away from equities to fixed-interest funds in their final years.

Bates senior investment adviser Paul Ilott believes that fund managers should lead the way and give investors the choice of having a range of lifestyled products, not just some Sandler savings or child trust funds.

According to Bates, more products like the Fidelity wealthbuilder target funds are needed.

He says: “What it will mean on behalf of the fund managers is better communication between the equity and the fixed interest desks.

“The benefit of lifestyling is that it gives investors an exit strategy towards the end of their investment. It needs to be done properly, with regard to the wider economy. What fund managers need to do is look at the essence of what Sandler was suggesting and what he has proposed for stakeholder pensions. Investors should at least be given the choice to have access to this type of product.”


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