New Ireland Retirement Fund (IRIS) 2041 Onwards

Retirement Fund 2041 Onwards (3) is part of the IRIS lifestyle range and is designed to move a pension investor’s money from a higher-risk approach in the earlier years toward a medium/low-risk approach as retirement nears. The fund can invest across a broad mix of asset classes including equities, bonds, property, cash, alternatives, commodities and infrastructure. This diversification is intended to help grow and safeguard retirement savings over time.

Retirement Fund 2041 Onwards (3) is aimed primarily at pension investors who expect to retire in 2041 onwards and want to take a retirement lump sum and invest in an Approved Retirement Fund (ARF) at retirement. It is part of a lifestyle investment strategy that adjusts the investment mix over time based on the expected retirement year. The fund is designed for investors who are comfortable investing over the medium to long term.

Retirement Fund 2041 Onwards (3) follows a glide path, meaning it gradually shifts from a higher-risk investment strategy in the earlier years to a medium/low-risk strategy as retirement approaches. This can help reduce exposure to short-term market swings near retirement. For investors, market swings mean the value of the fund can rise or fall, sometimes quite quickly.

Retirement Fund 2041 Onwards (3) is not a static pension fund; it is a lifecycle fund within the IRIS lifestyle range. Its main distinguishing feature is the built-in switch in risk level over time, rather than keeping the same asset mix throughout the investment period. The fund is managed by State Street Investment Management and Legal and General Investment Management (LGIM).

Retirement Fund 2041 Onwards (3) carries the usual investment risk that values can fluctuate over time, even over longer periods. It also has sustainability risks, meaning environmental, social or governance issues could affect the companies or assets the fund invests in. The fund may also use securities lending in some cases, which can increase risk in exchange for the chance of a higher return.