As you begin your approach to retirement, we will gradually switch your investments (as well as your ongoing contributions) into our Retirement Countdown Fund.
While the Diversified Growth Fund is the right investment while your fund grows, as retirement gets nearer, it is important to alter your investment strategy – this is referred to as the retirement ‘glidepath’. We do this automatically.
We normally start switching your funds when you are ten years away from retirement. It is important that you tell us if you are not planning to retire or take your benefits at the age that we have recorded for you to make sure that we have you invested in the right place at the right time.
You can find out more here: A member’s guide to investments