Your investment options

It's your money - take control

Where your money is invested can make a big difference to what your pension pot will be worth - and to your lifestyle - when you retire.

So it’s important that you find out where your money is invested and what your options are.

 

Option 1. Stay in the low-involvement option your employer has chosen

Unless you pick another option, when you join the DB Flexible Retirement Plan your money is automatically invested in the low-involvement option.

Your money will stay invested in this option unless you decide to change where you invest.

It's a lifestyle profile, which means that as you get closer to retirement, it will gradually and automatically move your money into funds which aim to prepare your pension for retirement.

Pros:

  • You don't have to select your own investments
  • You don't have to actively manage your investments
  • It automatically prepares your pension savings for buying an annuity

Cons:

  • You can't invest in any other options if you choose this option
  • It's not suitable for everyone - in particular if you do not plan to buy an annuity at retirement

More about the low-involvement option

Option 2. Choose your own funds

If you want more choice about where to invest your money, you can choose from the full range of investment options.

If you’d like an option that automatically prepares your pension savings for retirement, you can choose a lifestyle profile.

Pros:

  • You get full control over where to invest your money
  • You can select a portfolio to match your needs and attitude to risk

Cons:

  • Unless you choose a lifestyle profile you may need to be more involved in managing your investments
  • You can only invest in a maximum of 12 funds at any time

Find out more about your options

 Important information

As with any investment its value can go down as well as up and may be worth less than what was paid in.

If you need help with choosing your investments, you should seek financial advice. There is likely to be a charge for this. 

Important documents

To help you make an informed decision we've provided you with important information that you should read. You should print or save copies of these documents for future reference.

This form is used to request for the scheme to pay the Annual Allowance Charge.

Annual Allowance Charge form (PDF, 100KB)

This document explains the features of the pension product your employer has chosen.

Plan summary document (PDF, 70KB)

This document explains the features of the pension product your employer has chosen.

Key features document (PDF, 288KB)

This document provides you with more information on how you can take money from your pension flexibly. For more information on the other options available please see the key features document above.

How Drawdown Works PDF, 211KB

Read this guide for more information on choosing your investment options if you decide to take money from your pension flexibly.

Choosing investment options for a flexible income PDF, 119KB

This document gives you an illustration of what your pension could be worth.

Key features illustration (PDF, 165KB)

This document gives you an illustration of what your one-off payment could be worth when you retire. Read this if you are thinking about participating in the DB FRP Bonus Waiver offer.

DB FRP Key features illustration - Single Transfer (PDF, 191KB)

Read this guide for more information on your investment options, including details about charges and fund codes.

How to choose the right investment options for your pension (PDF, 896KB)

Read this guide for more information about how the DB Flexible Retirement Plan works.

DB Flexible Retirement Plan Handbook (PDF, 541KB)

Read this guide for more information on the different ways you can pay into your pension, and the tax benefits and tax charges which can apply.

Information about tax relief, limits and your pension (PDF, 99KB)

Use this form to nominate any death benefits under the DB Flexible Retirement Plan.

Instruction for payment of death benefits (PDF, 77KB)

Use this form if you'd like to switch from the DB FRP into a Group Self-Invested Personal Pension Plan (GSIPP). More about GSIPP.

Switch form (PDF, 92KB)

Use this form to nominate any death benefits under the DB Group SIPP.

GSIPP - instruction for payment of death benefits (PDF, 77KB)

Investments explained

Ever wondered why your money is invested? And how investment works? It’s not as complicated as you might think.