Future Advantage risk-rated range

Risk-rated funds offer choice and flexibility 

• Take clients to and through retirement using a range of funds across the risk spectrum 
• Funds remain aligned to the level of risk a customer is willing and able to take    
• Externally rated so you can have confidence in our approach 

Low-cost options that help you deliver for clients 

• Our mainly passive approach provides value for clients 
• Find out more about our bundled pricing approach in our charges guides:  

AMSIPP charges guide

AMPP charges guide

Robust governance you can rely on  

• Our experienced teams of experts govern the funds and have the flexibility to replace managers where required 
• Relax, knowing that we’re going to be monitoring the funds and keeping them within a risk range 

Additional oversight through our workplace business 

• The underlying components used in the Future Advantage range are also used in our Sustainable Multi Asset Universal SLP workplace default and Investment Pathways funds.
• This structure means  additional oversight of the underlying funds. This is provided through our workplace business, with over £24bn invested through our default strategy   

Multi-asset investments 

• The range invests in a selection of global equity, bond, property and money market funds, all designed for growth in the long term at a rate appropriate for the level of risk selected 

Low-cost, mainly passive approach and strategic asset allocation 

• The underlying components in the Future Advantage range use a mainly passive approach 
• Strategic asset allocation reviewed annually and approved by Board Investment Committee 

Diversified and independent 

• The range is further diversified through the use of different asset managers  including abrdn, Vanguard and BlackRock 
• We are independent of any one asset manager, we actively oversee and govern the range of managers and will make changes where we believe it is in the best interests of customers.   

Investment independence and futureproofing 

• Underlying funds for equity and some bonds are internal collectives, owned and operated by Phoenix asset management team with investment management sub-delegated. A structure that gives us control and ability to change. 

A responsible investment approach for equity 

• A responsible investment approach for equity that prioritises investment returns whilst aiming to reduce environmental, social and governance (ESG) risk. The responsible investment content varies for each fund.

We continually review and, where appropriate, evolve our investment options to help you deliver good outcomes and responsible investing for your clients. You can find out about any changes which might impact your clients on our investments updates page.

The funds are potentially suitable for your clients if they: 

• Have an investment objective for capital growth over the long term
• Are looking to invest to and through retirement into a solution that matches their attitude to risk 
• Are looking to withdraw an income from capital 

The funds are unlikely to be suitable for your clients if they: 

• Are unable to accept a degree of investment risk
• Are unable to hold a UK-regulated product 

Future Advantage design: 

Risk level 1 – designed for customers who only want to take a small amount of risk to potentially achieve modest or relatively stable returns. There may be some short-term changes in value. 

Risk level 2 – designed for customers who want the potential to achieve reasonable long-term returns and are prepared to take some risk in doing so. There may be some frequent but quite small changes in value. 

Risk level 3 – designed for customers who are quite comfortable taking some risk to potentially achieve better long-term returns. The value can change frequently and sometimes significantly. 

Risk level 4 – designed for customers who are comfortable taking some risk to potentially achieve higher long-term returns. The value is likely to change frequently and often significantly. 

Risk level 5 – designed for customers who are very comfortable taking some risk to potentially achieve high long-term investment returns. The value is likely to change very frequently and significantly.