Industrial Alliance Insurance and Financial Services (iA) has announced changes to its its pre-built ATTITUDE portfolios.

The life-cycle portfolios, which are part of iA's investment options for group savings and retirement plan members, combine the employee's investment horizon and investor profile. The company developed the product for those who prefer to have experts choose their investment funds for them.

The new version of the ATTITUDE portfolios will allow a larger portion of assets to be invested in equities, which iA says will offer better protection against longevity risk. They will also offer more diversification to help reduce the volatility of portfolio returns.

"We are proud to introduce a smart and high-performance investment solution. Our ATTITUDE Portfolios are adapted to five different investor profiles. A new portfolio path trajectory is assigned to each of the five investor profiles, which is a unique concept," comments Renée Laflamme, iA’s executive vice-president of group benefits and retirement solutions.

iA notes that it is currently in the process of making "significant changes" to its investment fund lineup.