Lifecycling best bet for DC

Watson Wyatt says allocation to lifecycling still most appropriate for DC pensions

Lifecycling is still the most appropriate asset allocation for many members of defined contribution pension plans, according to Watson Wyatt. However, the pensions consulting firm says there is further room for improvement if it is to meet the needs of a rapidly growing DC population. Watson Wyatt says its research document, Lifecycle strategies: what next? coincides with a report by Dr Ros Altmann, which includes the finding that blind reliance on equities to deliver a good income in retirement has proven to be flawed. Gary Smith, senior consultant at Watson Wyatt, says: "The current...