New Ireland Retirement Fund (IRIS) 2029

Retirement Fund 2029 (3) is part of the IRIS lifestyle strategy and is designed to hold a mix of asset classes including equities, fixed income, property, cash and alternatives. As retirement approaches, the fund gradually moves from a higher-risk investment approach toward a medium/low-risk approach. This glide path is intended to help protect retirement savings while still allowing for growth earlier on.

Retirement Fund 2029 (3) is aimed primarily at pension investors who plan to take a retirement lump sum and invest in an Approved Retirement Fund, or ARF, at retirement. In plain terms, an ARF is a post-retirement investment account that can keep your pension money invested after you retire. The fund is built around an expected retirement year of 2029.

Retirement Fund 2029 (3) uses the IRIS lifecycle approach to automatically change its asset mix over time. It starts with a higher-risk strategy in earlier years and then shifts gradually to a medium/low-risk strategy as retirement nears. This means the fund is designed to reduce risk-taking over time without the investor needing to rebalance it manually.

Retirement Fund 2029 (3) carries the usual investment risk that values can go up and down over time, even over the long term. The factsheet also highlights sustainability risks, which means environmental, social or governance issues could affect some of the investments in the fund. Investors are generally expected to hold the fund over at least 5-7 years to help reduce the impact of short-term volatility.

Retirement Fund 2029 (3) is managed by State Street Investment Management and Legal & General Investment Management (LGIM). The fund invests across a broad global equity allocation, including North America, Europe, Japan, emerging markets, the Pacific Basin, the UK and Ireland, alongside other asset classes. This diversified approach is part of how the IRIS range aims to grow and safeguard retirement savings.