Fidelity Expands Target Date Suite with ClearPath 2060 Portfolio
Fidelity recently added a new fund to its ClearPath® target date fund series – the Fidelity ClearPath® 2060 Institutional Portfolio. This fund has been automatically added to your fund line-up, since you currently offer the Fidelity ClearPath® target date fund series. Investment managers periodically add new longer-dated funds to their target date series, in order to better match the time horizon of younger plan members. Plan members expecting to retire around the year 2060 may benefit from this new fund.
As a reminder, the Fidelity ClearPath® target date series follows a "through retirement" glidepath, whereby the asset mix in these funds continues to adjust by decreasing equity exposure after retirement age.
Please contact your Sun Life Financial Group Retirement Services representative.