How does your money grow?
It’s important to remember that when you pay into your Pension Account, your money gets invested to help it grow.
Most people will be invested in the SEI Master Trust Flexi Default Option, the Scheme’s default lifestyle strategy, which is designed to protect the value of your benefits as you get closer to retirement. It does this by investing in equities when you’re younger, with the aim of maximising growth in the value of your Pension Account. As you get older, the investment strategy will spread your investments between other types of assets, which may reduce the chance of sharp falls in the value of your Pension Account whilst still providing some growth.
However, if you want to take a bit more control over where your Pension Account is invested, you can choose your own funds.
Choosing your own funds
Back in September last year, we made some changes to our self-select fund range. We’ve introduced some regional equity funds to cover investments across the world. We also introduced four funds that are focused on Socially Responsible Investing (‘SRI’). These are designed for members who prefer funds that screen out certain types of investments and/or lean towards ones that focus specifically on environmental, social and governance issues.
For costs and charges related to these funds, please refer to your employer specific section of the documents page.
Take a moment to check where your money is invested. If you want to make changes, simply log onto your Pension Account and follow the links to change your investments. Remember that your money can go down as well as up and it’s important to invest in funds that suit your future plans and your attitude to risk.