Fidelity has been offering DC workplace pensions since 1994, and has traditionally targeted larger organisations with higher contribution rates.
It launched its FutureWise lifestyle investment default approach back in 2012, offering diversification across a wide range of investments at low cost. This current version of FutureWise invests across equities, bonds, listed property and equities, with a growth phase equity exposure of 61 per cent falling to a still substantial 37 per cent at state retirement age/ selected retirement age. However, the asset allocation strategy remains the same both 30 years and five years before state retirement age/ selected retirement age, with derisking not starting in the default until a mere two years prior to state retirement age/ selected retirement age.
