The DC saver's journey falls into three phases: growth, when they need reward; stable growth, when there is a balance between risk and reward; and transition to retirement, when they need less risk:
Growth phase:
'Smart beta' seems to offer the opportunity to achieve performance with low fees,
Schroders’ advanced beta portfolios can be constructed to deliver bespoke “baskets” of stocks to target specific themes
The result is equity-like returns, but with lower volatility, which should be ideal for the investor in the growth phase.