Our investment strategy is designed using two investment funds, one targeting long-term growth and one aimed at protecting the value of built-up pension savings. Members’ pension savings are gradually switched from one to the other starting 15 years before their target retirement age.
The Diversified Growth Fund (DGF) targets stable long-term growth for Scheme members during most of their working lives. It does this using ‘diversification’ – a range of different types of investment.
We’ve set the DGF a higher target with the aim of increasing its growth potential by broadening our areas of investment.
Find out more about our Diversified Growth Fund (DGF).
As Scheme members get closer to retirement their pension savings are gradually switched into the Retirement Countdown Fund (RCF). The RCF is designed to reduce the risk of built-up pension savings falling in value before they’re turned into retirement benefits. We call this switching period the ‘Journey Path’.
We’ve further reduced the risk by extending the Journey Path from 10 to 15 years.
Find out more about our Retirement Countdown Fund (RCF).