P1 Retirement Income Approach
With the objective to outperform the benchmark, P1 portfolio managers combine strategic, risk-based asset allocations with tactical tilts and investment selection. We use both active and passive investments, creating blended portfolios. Passive investments are used where we believe active managers are not able to add value sufficiently to justify the higher charges. As a result, we believe that our portfolios have the ability to outperform while having a lower overall cost. Typically, a quarter of the portfolio will be invested through passive instruments, however, this will vary dependent on asset allocation, availability of appropriate passive investments and portfolio objective.
Our investment research process includes both quantitative and qualitative criteria, and portfolios deliberately avoid having a style bias, containing investments from across the style spectrum. Our panel of investments includes funds from across asset classes, geographies and market capitalisation, giving managers flexibility to make more nuanced tactical allocations.
Appropriate investments are selected from the panel to meet the tactical asset allocation determined by the portfolio’s risk profile and manager decisions. Investments are made with a long-term (5+ years) time horizon in mind, although positions are reviewed, and portfolios rebalanced quarterly.
Risk-rated Range:
Adventurous, Moderate-Adventurous, Moderate, Cautious-Moderate & Cautious
