Standard Life to move £15bn of pension assets into sustainable strategy

Standard Life will embed sustainable multi-asset strategies into its default fund portfolios as part of a plan to target better retirement outcomes. 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. Defensi...