Standard Life defaults move to sustainable multi-asset

The provider, part of Phoenix Group, is making a series of changes to its Active Plus and Passive Plus default propositions which target enhanced returns over the long term. This will include adjusting the risks the portfolios take earlier and then optimising the glidepath appropriately to manage that risk overtime. For example, the typical asset allocation will move from a 49.4% allocation to growth assets to a 79% allocation. Defensive assets will drop from 32.1% to 9.6%. The risk adjustments will be achieved through increased exposure to equities, while also adopting an enhanced...