Franklin Templeton Investments Canada has expanded its Franklin LifeSmart retirement offerings with four new funds that provide Canadian plan sponsors with a target date fund line-up now covering five-year increments, ranging from 2020 to 2055, for their employee workplace savings plans.
"As employee workplace savings plans continue to grow in popularity across Canada, demand for target date funds is particularly strong," said Duane Green, president and CEO of Franklin Templeton Investments Canada. "First launched in 2007, our Franklin LifeSmart Portfolio line-up is being refined to best meet the evolving needs and preferences of consultants, gate keepers, plan sponsors and their plan participants."
Managed by Franklin Templeton Multi-Asset Solutions, the new Franklin LifeSmart Portfolios, covering 2025, 2035, 2045 and 2055, will be added to the current line-up of 2020, 2030, 2040 and 2050 funds.
