How your Plan is invested
The Trustees, having taken independent investment advice, have selected a range of investment choices.
Your money will automatically be invested in the Drawdown Lifestyle unless you self-select another of the investment choices. This means you don’t need to do anything as the Trustees manage the investment of your savings for you. This is known as the default investment.
If you don’t want your Plan savings in the Plan default investment you can choose from the following investment options.
Lifestyles
There are three Lifestyles that you can choose from:
- Drawdown LifestyleOpens in new tab (Default Investment) – This lifestyle is designed for members who plan to use their Plan savings to “drawdown” or take a flexible income at retirement, spreading the amount and timing of withdrawals of their Plan savings.
- Lump Sum LifestyleOpens in new tab – is designed for members who plan to take all of their Plan savings as a cash lump sum.
- Annuity LifestyleOpens in new tab – is designed for members who plan to use up to 25% of their Plan savings for a tax-free cash sum and the balance to buy an annuity (an income for life).
If you invest in a Lifestyle, when you’re seven years from your Target Retirement Age Legal & General will write to you explaining how the Lifestyle will further invest your savings. You will be asked if you are comfortable with the ongoing investment or whether you want to make a new investment choice.
For further details of how you can take your savings when you reach your Target Retirement Age visit your options for taking your money.
Other funds
If you are invested in a Lifestyle you are not able to invest in any other funds or Lifestyle at the same time.
If you want to select your own investment choices from the range of funds offered by the Plan, you can choose from 13 individual funds but you need to manage these investments over time yourself. You can choose from the following funds:
- UK Equity Tracker FundOpens in new tab
- International Equity Tracker FundOpens in new tab
- Emerging Markets Tracker FundOpens in new tab
- Diversified Growth FundOpens in new tab
- Index-Linked Gilts Tracker FundOpens in new tab
- UK Gilts Over 15 Year Tracker FundOpens in new tab
- Corporate Bond FundOpens in new tab
- Cash FundOpens in new tab
- Annuity Pre-Retirement FundOpens in new tab
- Property FundOpens in new tab
- Lump Sum FundOpens in new tab
- Income Drawdown FundOpens in new tab
- International Equity Sharia FundOpens in new tab
- NatWest Sustainable Equity FundOpens in new tab
You can find further information on funds and Lifestyles available in the Plan in the Investment guideOpens in new tab as well as all fund charges.
Responsible Investing
Responsible investing involves considering environmental, social and governance (ESG) issues when making investment decisions and influencing positive change in the companies and assets invested in. Find out how a responsible investing approach is used for pensions on our ESG Hub.
