Spanish insurer group Caser has launched a range of pension plans that follow a life cycle investing style, which is the process of adjusting the defined contribution (DC) pension fund members' asset allocation over time to reflect their changing risk attributes and financial goals.
Caser Generación is a set of three pension plans named Generación 60, Generación 65 and Generación 70, in which the share of each asset class is automatically adjusted to lower risk as the desired retirement date approaches.This usually means that the percentage of bonds and other fixed-income investments increases as the retirement date looms.
In order to decide which would be the most suitable plan for each participant, birth's date should be considered. In this way, the Generación 60 pension plan has been designed for those born between 1960 and 1964, provided their retirement date will be estimated around 2025.
Contributions across the pension plans range can be either periodic or extraordinary, being the minimum amount required of €30.