To determine which of the new investment options it would be appropriate to switch members into, we considered the target returns and the standard risk band of each investment option. The risk profile was assessed considering the Growth/Defensive asset allocation split.
In general, a higher allocation to growth assets is in line with a higher risk appetite and is often considered more appropriate for younger people; a greater allocation to defensive assets indicates a more conservative risk appetite and might be appropriate for someone close to retirement.
This is a very general way of considering risk, you should always think about your personal circumstances and if you’re unsure seek professional financial advice. After these changes are implemented, we’ll be able to offer you professional financial advice through your super and our advisers will be able to help with this kind of stuff! We’ll be in touch with all those details via email when they launch.
