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Well, I think he wants to up the risk for 20 years and then begin to derisk. The Vanguard Lifestrategy presumably is a bit safe over long term
duncs-
Lifestrategy 100 is 100% equities, so quite 'risky', but as mentioned, a bit too UK weighted for some tastes.
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up the risk for 20 years and then begin to derisk
I think this is the point of the Target Retirement 2045 fund. You just buy it and they derisk for you as you approach retirement.
Some would say that fund is too risk-averse and too UK-weighted as well.
cjr
frankenbike
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.