Also known as retirement date funds, target date funds provide an ‘autopilot’ approach to investing for goals with specific target dates. As your withdrawal date gets closer, it’s sensible to take less risk, so your investments are automatically rebalanced and reallocated along the way, to save you from doing it.
Different goals, such as retirement or children’s university fees, have different timescales, so it makes sense to choose an appropriate fund for each goal. It’s also easy to switch funds if the date of a goal changes. Similar to any other fund, you can top up or sell at any time.
Open an account and pay in some money. You’ll then be ready to buy and sell target date funds online (or over the phone for no extra charge) with us.