Trouble for Architas target-date funds sees promoter exit

Advisers' rumoured to be shunning small investor range

Laura Miller
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Trouble for Architas target-date funds sees promoter exit

A range of low-cost auto-enrolment-style funds for retail investors, launched to fanfare last January, has lost its promoter amid rumours advisers have shunned the products because they serve lower value clients from ‘cradle-to-grave'.

The Architas BirthStar Target Date funds were a joint venture between fund managers AllianceBernstein and Architas as the authorised corporate director, both part of the Axa Group, and Birthstar, which...

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