IFAs blast pensions lifestyling strategies as 'lifestealing'

Public relations platform Newspage surveyed a range of IFAs asking if a rethink was needed around asset classes and lifestyling - an investment strategy where pension savings are automatically moved into another fund that aligns them more closely to a client's plans for using these as they approach retirement. The strategy "made sense in a bygone era" but does not fit with modern retirement planning, Trusted Financial Advice Chartered financial planner Darren Bilkey said. "They are constructed according to a pre-defined set of assumptions, namely ‘you will work, retire at age X, and p...