How your pension is invested
When you join the pension plan, the contributions that you and/or Deutsche Telekom (UK) Ltd make are invested in either a fund or a lifestyle profile that has been chosen for you. This is called the default investment option.
The default investment option for Deutsche Telekom (UK) Ltd DC Pension Plan is a Legal & General Target Date Fund. To find out more, please see your Guide to the Target Date Funds or The Target Date Funds video.
The default investment option for Deutsche Telekom (UK) Ltd DC Pension Plan is a Legal & General Cash Target Date Fund.
What is a Cash Target Date Fund?
Cash Target Date Funds (also known as Cash TDFs) can help grow your pension savings. They carefully manage the way your savings are invested up to, and beyond, a target date.
This date is usually when you plan to start accessing your pension savings. Cash Target Date Funds target a retirement period shown in years in the fund name.
Your selected retirement date usually falls into that period. For example, if you plan to retire in 2042, you’ll be invested in the “L&G PMC 2040-2045 Cash Target Date Fund”.
So, it’s important for you to review your retirement age to make sure it matches your current plans.
Cash TDFs invest in a range of different investments, such as stocks, bonds and cash markets.
The aim is to grow your pension savings when you’re young and protect them as you approach retirement. But investment success isn't guaranteed, and values can decrease as well as increase.
How are they different to other Target Date Funds?
Whereas our other target date funds have been designed to give you the flexibility to use your pension savings either in full or in part and at a time that suits you.
Although it’s considered an appropriate choice for most members, the default investment option doesn’t take into account your personal circumstances or future plans. With this in mind, given that you can make your own investment decisions, it’s worth considering whether it’s currently the right place for your pension savings to be invested.
Your guide to investing
To learn more about investing, explore the funds available within your investment range, and understand what to consider if you want to make your own investment decisions, visit Your guide to investing.
This includes access to fund factsheets and details of funds available within your pension plan, which are shown on the Investment Range page.
Fund centre
If you want to explore a wide range of standard funds, along with market insights and performance information, visit our Fund centre.
Please note that some funds available with your pension plan may not be shown in the Fund centre.
Responsible Investing
Responsible investing involves considering environmental, social and governance (ESG) issues when making investment decisions and influencing positive change in the companies and assets invested in. Find out how a responsible investing approach is used for pensions on our ESG Hub.
