Our investment strategy for the Scheme carefully balances different types of investment risk to help your money grow and protect its value – an approach known as lifestyling.
Lifestyling is an investment approach that’s designed to:
• grow your pension savings over most of your working life, then
• protect the value of those built-up pension savings as you approach your planned retirement age.
We do this through our Journey Path to retirement.
Fifteen years before your planned retirement age, we start to gradually switch most of your savings from our Diversified Growth Fund (designed to grow your savings) to our Retirement Countdown Fund (designed to protect your savings from falls in value). The aim is to reduce the risk of your pension savings falling in value as you get closer to retirement.
We explain this in more detail on pages 7-9 of our Member Booklet. You can download a copy here.
You can find out more about our investment strategy in our Statement of Investment Principles.