The idea behind age matching
The longer the investment horizon, the more time there is to deal with volatility. Young savers can therefore sometimes consider higher exposure to risk assets.
As you get closer to the time when the money is needed, a sharp drop in the market may be more difficult to correct. Here a more conservative track can reduce volatility.
Not an automaton, but a starting point
An age-dependent track is not a perfect solution for every person. Two savers of the same age can differ in income, family, assets, health and ability to bear risk.
And yet, age is an important parameter. It helps to ask whether the level of risk is appropriate for the stage of life, and not only whether the track has recently yielded a high return.
How to check your track
Check which track you are on, what is the exposure to shares, what are the management fees and what happened in the track in different periods. If you don't understand the track, that's a good reason to find out.
Passing a track is a significant action. It should not be done out of fear of a temporary decline, but as part of an orderly planning of horizon, risk and goals.