Standard Life Canada announced today the launch of a new series of Target Year Funds designed specifically for capital accumulation plan members. McLean Budden Limited will manage the underlying assets of the funds, which will be offered exclusively to clients of Standard Life and McLean Budden.

The new funds are designed to take the stress out of investment decision-making for plan members and plan sponsors by eliminating the confusion that typifies many plans. “Many plan sponsors are challenged by the issue of effective employee education,” said Anthony Cardone, senior vp, group savings & retirement, Standard Life. “This new series of funds provides a turnkey solution for both sponsors and their plan members, simplifying both the selection and management of their funds.”

John Ackerl, the McLean Budden vp who led the development of these funds, explained their simplicity. “All a plan member needs to know is when he or she wants to retire. We do the rest; actively managing both the mix of assets and the selection of individual securities for the portfolios.”

These funds allow both retirement plan members and plan sponsors to relax and focus on other things, while a team of respected professional money managers actively manages the funds.