We have seen the demise of defined benefit schemes and the rise of defined contribution, where the scheme member bears all the investment risk themselves, as well as the responsibility for securing their optimal retirement outcomes.

As part of this, the need for implementing sensible, secure strategies both in the accumulation phase and the decumulation pathways has become more important.

What sort of investment strategies work best for long-term retirement provision? Are there any particular investment plans that can be put in place for the moderately risky investor who wants to maintain an income through their investments in retirement?

How can you maintain a well-diversified portfolio without diversifying too much, or too little; without incurring high costs and ending up with a complicated bundle of investments?

Multi-asset funds that combine a variety of indices can be beneficial for both accumulation and decumulation strategies.

While they will not be appropriate for every client, the following feature, by Mohneet Dhir, multi-asset specialist for Vanguard Europe, outlines how this style of investing - as detailed by the company's own Life Strategy range - can help long-term planning.

To read the full CPDable feature, click on the image above and read the special report.

Simoney Kyriakou is senior editor of FTAdviser