The RCF forms part of our ‘pension saving journey’ for Scheme members.
For most of our members’ working lives we invest their pension savings in the Diversified Growth Fund (DGF), to help them grow as much as possible.
Fifteen years before members’ planned retirement age, we gradually switch pension savings to the RCF with the aim of protecting their value, reducing the risk of them falling in value before they’re due to be turned into retirement benefits.
At planned retirement age, 80% is in the RCF and 20% in the DGF. We call this the ‘Journey Path’.
Unless members tell us otherwise, we assume their planned retirement date is their State Pension age.