Copia Capital Management (Copia) has launched a new range of retirement income portfolios to give investors greater choice in decumulation.
They are called the Copia Select: Retirement Income portfolios and comprise of five risk-rated portfolios.
These are the second set of decumulation-specific portfolios launched by Copia this year.
It follows the introduction of the Retirement Income Plus portfolios in May, which use annuities as an asset class to provide greater certainty of outcome in retirement.
According to Copia both decumulation ranges aim to tackle key decumulation risks and help advisers meet the new Consumer Duty rule that comes into force today (31 July).
It added the new retirement income portfolios are built using an asset allocation that addresses the needs of retirement investors and the risks faced while drawing down an income.
The portfolios follow a similar quantitative methodology to Copia’s accumulation models, but a greater proportion is allocated to less traditional assets which provide a diversified alternative exposure.
Examples include hedge funds, infrastructure, real estate and commodities.
Copia managing director Robert Vaudry said: “We firmly believe in the need to take a distinct approach to investing for decumulation versus accumulation.
“We also recognise that there are different ways to optimise asset allocation to maximise returns for investors while mitigating the specific risks associated with taking an income from investments.
“With the Financial Conduct Authority’s thematic review of retirement income advice putting a spotlight on decumulation, our two distinct retirement income ranges now offer advisers greater choice over the investment approach they can take to meet the different needs of clients at or in retirement.”
The Retirement Income Plus portfolios, which use Just Group’s secure lifetime income (SLI) for the annuity component, are now available on the 7IM platform.
They are also available on the the Novia platform, broadening access to this innovative product to more advisers and their clients.
The new Retirement Income portfolios are available across 17 fund management platforms.
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