Aegon launches lifestyle retirement fund portfolio

The seven Core Risk Profile Lifestyle Portfolios each have a different risk profile and follow Aegon's launch of the Core Risk Profile Portfolios in June. Aegon said one of the biggest concerns for pension savers who want to buy an annuity is that as they near retirement they don't know what size of pension they'll be able to afford. It said the lifestyling funds aim to address the problem by providing more certainty about the size of annuity investors can buy as they near retirement. During the initial years (the growth stage), each fund aims to provide long-term capital growth by...