As the name suggests, flexible funds are funds with no rules. They can go up to 100% in equities; but don’t be surprised if the manager decides that equities are overpriced and reduces this to less than 40%.

They often have a similar asset allocation to high-equity balanced funds, but they are not governed by Regulation 28 of the Pension Funds Act, which would limit them to 75% in equities...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now