New Ireland Retirement Fund (IRIS) 2034

The Retirement 2034 Fund (3) is part of the IRIS lifestyle strategy and invests across a range of asset classes, including equities, fixed income, property, cash and multi-asset holdings. As retirement approaches, the fund gradually shifts away from a higher-risk growth mix toward a medium to low risk strategy. This is designed to help protect retirement savings while still aiming for growth. The fund is managed by State Street Investment Management and Legal and General Investment Management (LGIM).

The Retirement 2034 Fund (3) is aimed primarily at pension investors who expect to take a retirement lump sum and invest in an Approved Retirement Fund (ARF) at retirement. It is built around a target retirement year of 2034, so it is intended for investors whose retirement timing is broadly aligned with that date. The fund is designed to grow and safeguard retirement savings as that date gets nearer.

The Retirement 2034 Fund (3) uses a lifecycle, or lifestyle, approach that automatically adjusts the portfolio over time. In the earlier years, it holds a higher-risk investment strategy, then gradually moves into a medium or low risk strategy as retirement nears. For an investor, this means the fund does some of the de-risking work automatically rather than staying in the same mix throughout.

The Retirement 2034 Fund (3) is exposed to short-term volatility and sustainability risks. Short-term volatility means the fund’s value can move up and down over short periods, even if the longer-term retirement plan is still on track. Sustainability risks mean environmental, social or governance issues could affect some of the companies or assets it holds. Investors should also be aware that some underlying funds may use securities lending, which can add risk in exchange for the chance of a higher return.

The Retirement 2034 Fund (3) is not a static equity fund; it is a lifestyle fund that changes its asset mix as retirement approaches. It can invest in equities, fixed income, property, cash and multi-asset exposures across regions such as North America, Europe, Japan, the UK, Ireland, the Pacific Basin and emerging markets. This broad mix is intended to balance growth potential with increasing caution as the target retirement year gets closer.