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duncs
@cjr
I think @cmburns is talking about de-risking rather than rebalancing right?
Everyone has their own opinions, but the idea of de-risking or target date retirement funds is based on the time before the pension freedoms of 2015. You basically had to buy an annuity with your full savings pot so were protecting against a dip as you came up to retirement.
Now, you can drip feed an income out of your SIPP, most of your fund will remain invested for another 20+ years so you still want it working hard for you rather than 80% bonds.