Vanguard has expanded its target retirement fund (TRF) range with the launch of two low-cost products for younger investors, aimed at those starting out in their career.
The Vanguard Target Retirement 2060 and Vanguard Target Retirement 2065 funds have an ongoing charges figure (OCF) of 0.24%. They form part of the asset manager's range of 11 TRFs, which investors can choose from based on their expected retirement date. These latest two TRFs are aimed at those entering the workforce, who do not expect to retire until 2060 or 2065. Young investors can see seemingly modest savings grow substantially over time in a low-cost investment, said Vanguard, as compounding takes effect. It estimated an individual investing £100 per month, for example, could end ...
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