The Fund invests in large cap UK companies and UK Government index linked gilts and seeks to offer built in diversification for those looking for lower volatility, as bonds and equities tend to perform differently depending on market conditions. The Fund has a long-term investment horizon and the index linked gilts held within the portfolio are managed on a ‘buy and maintain‘ basis to reduce trading costs, helping to keep overall portfolio charges low.
David Thompson, managing director of proposition and business development, AXA Wealth, said:
“Retirement is about doing more of the things you want to, things that you haven’t necessarily had time to do while working. Through our new approach to retirement planning, Retirement LifePlanning, and by working with the wider AXA Group we are able to provide advisers and their clients with more choice as they look for real alternative ways to meet financial needs up to and into retirement, often that offer more flexibility than a traditional annuity. The Lifetime Distribution Fund helps to combat retirement risks identified by our market research; a diversified portfolio to help manage market volatility while providing a regular income stream and potential for capital growth to help beat inflation.”
Richard Marwood, lead fund manager of the AXA Lifetime Distribution fund at AXA Investment Managers, said:
“The AXA Lifetime Distribution Fund further enhances and extends our tried and tested strategy across the AXA IM Distribution fund range that Jim Stride and I have been running for many years. Broadly speaking we invest in quality, stable assets, while maintaining a diversified central asset mix that is consistent over time. We believe this is a sensible long term solution for investors looking to meet a combination of growth and income requirements in real terms. Investors can choose to take a monthly income or have it reinvested depending on what their needs are, for example whether they are in their accumulation phase or in drawdown. As part of the overall package of retirement options, this meets many of the investors’ requirements without feeling ‘locked in’ as you may with an annuity.”
The AXA Wealth proposition is pension reform-ready and has also recently added unit linked guarantees to its range via AXA Life Invest.
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