The money you and your employer pay in to your account is invested to help give it the chance to grow.
Your money remains invested in the option you choose (or the default investment option if you don’t make a choice), until you decide you want to access it.
Read more about the investment options available to you below.
We've got three investment profiles, so you can choose how involved you want to be in the investment of your pension account.
The default investment option is where your money is invested if you do not make an investment choice. This option will automatically move your money in to less risky funds as you approach retirement (your Target Retirement Age), sometimes known as a ‘lifestyle’ option.
The Trustee chooses the default investment option and reviews it regularly to make sure it is providing a suitable strategy for most members. You should review it and make sure it is suitable for you.
You can find details of the default investment option in the ‘Scheme Information’ area of your online account.
The ‘Help me do it’ options let you choose an investment approach based around your preferred risk level and/or retirement outcome.
Some of these options will automatically move your money into less risky funds as you approach retirement. Exactly which funds are moved and when will depend on the option you choose.
You can find details of these options in the ‘Scheme Information’ area of your online account.
Remember to keep your Target Retirement Age (TRA) up to date, as this will determine when your money might start moving ready for retirement.
You can change your TRA in the ‘Change Investments’ area of your online account.
The ‘Let me do it’ options let you choose from a range of individual funds made available by the Trustee that cover a range of risk levels, asset classes and geographies. You can invest in as many or as few of these funds as you want.
More information on the options available, including the charges you will pay as a member, can be found in the ‘Scheme Information’ area of your online account.
For most of these options, the Trustee will not make any changes to your fund choice, so you’ll need to keep an eye on your investments as you get closer to retirement. We suggest that you choose this option only if you are confident about investments and your goals for retirement.
There is no fee for switching your money between funds, however please note that some funds have higher charges than others as they might be actively managed or invest in more specialist assets.