While the Penfold Lifetime is new, its underlying components have existed separately for several years!
Though past performance is not a reliable indicator of future performance, BlackRock has provided a simulation of how the portfolio may have performed over the past five years had the components been combined. And the Penfold Lifetime has outperformed our Multi-asset Lifetime plan over a five-year comparison period!
The Penfold Lifetime has performed similarly to the ESG Lifetime plan, although the Penfold Lifetime has performed better during stage 3, the retirement phase.
