850,000 pension savers face sleepwalking into a bond market nightmare

clock • 3 min read
850,000 pension savers face sleepwalking into a bond market nightmare

An estimated 850,000 pension savers are invested in ‘lifestyling' funds, which have fallen in value by 13% in the last two months, highlighted platform provider A J Bell in a scathing attack on this type of investment strategy.  These funds invest in long dated bonds, which have sold off heavily as a result of high inflation and interest rate rises as people are shifted into these funds as they approach retirement in order to hedge against annuity rate movements. But since the pension f...

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