![f037-02.jpg](https://article-imgs.scribdassets.com/2k6n39lvk0av1fcd/images/file59MHM6LD.jpg)
At first sight, pension providers’ “lifestyle” funds look eminently sensible. The principle of these funds is that as savers close in on the date at which they will cash in their pensions, they can no longer afford the risk of exposure to assets such as shares, which tend to be more volatile.
If such assets plunge in