The retirement income portfolios, which are built using BlackRock’s iShares ETFs, are designed to mitigate the key retirement risk of running out of money.
Intended to assist advisers looking for a centralised retirement proposition, the portfolios consider the three key variables for retirement planning – risk level, withdrawal rate and time horizon.
Copia also provides a ‘safe withdrawal rate’ for each portfolio, which advisers can use to gauge how much can be withdrawn each year while ensuring enough future income remains.
Henry Cobbe, head of Copia, said: “Decumulation is very different from accumulation. It has different objectives, different risks and requires a different investment approach. We don’t think it’s right to recycle old thinking into this new world.
“Only advisers know their clients’ retirement income needs and circumstances. Our retirement income range is purpose-built to give advisers a compliant investment solution that matches a ‘safe withdrawal rate’, risk level and time horizon for each client.
“It’s retirement risk profiling as it should be,” Cobbe said.
Pollyanna Harper, head of iShares retail UK sales at BlackRock, said: “Whether the aim is to provide equity income or manage bond duration, using ETFs to build portfolios equips investors with targeted tools for achieving exposures that match their outlook and help pursue their goals.”