Zurich has partnered with investment giants Schroders and Threadneedle to launch a new automatic enrolment default fund.
The Zurich Dynamic Lifestyle Portfolio consists of three underlying funds – the Mixed Investments and DC Pre-Retirement funds, managed by Schroders, and the Zurich Deposit & Treasury fund, managed by Threadneedle.
Zurich says the fund is designed to automatically dampen the impact of volatile markets. It also has an automatic de-risking facility that kicks in five years before an individual’s selected retirement date.
The new fund is available to new and existing members of Zurich’s workplace pension schemes.
Zurich UK life head of corporate propositions Dave Lowe says: “Auto-enrolment has provided a timely opportunity to review our default option.
“We undertook extensive customer research to find out what is important to them when making investment decisions. We have listened to what our customers want and have designed our new default fund to provide an effective, outcome-driven investment solution.”
“Following a comprehensive selection process, we appointed Schroders because we were really impressed with the innovative design they developed, as well as their excellent reputation in managing multi-asset, outcome-focussed funds.”