• FORLIFE

We continue to expand the boundaries of innovation with regard to life-stage investing with our life-staging solution, ForLife. ForLife offers a single investment-for-life that changes as the investment requirements of the member change over his/her lifetime. It offers an investment in which the volatility of investment returns reduce as the member approaches retirement.

But life-staging is not about migrating to cash. It is rather about managing risk. The risk a member faces at retirement will be affected by, amongst others, his post-retirement needs. For example, a member that requires cash at retirement will want to avoid capital loss as his retirement date approaches. A member that requires a guaranteed annuity will want to avoid interest rate risk as his retirement gets nearer.

ForLife caters for investors looking to allocate their retirement savings to:

  • Cash: a tax free amount that can be used, for example, to settle a mortgage at retirement.
  • A guaranteed annuity: which is used to convert capital into an income for life purchased from a life insurance company.
  • A with-profit annuity: which is used to convert capital into an income for life with non-guaranteed increases, that is purchased from a life insurance company.
  • A living annuity: where a market-linked investment portfolio is used to provide for ones post-retirement income needs.

Specially designed migration paths (Horizon funds) ensure that as members approach retirement, the risks associated with their post retirement needs are carefully managed.

Download the latest ForLife factsheet

Download the quarterly ForLife member communication