How your pension pot is invested
When you join the pension plan, the contributions that you and/or Automobile Association Developments Limited make are invested in either a fund or a lifestyle profile that has been chosen for you. This is called the default investment option.
You’ll be told what this is in the announcement letter you receive from Automobile Association Developments Limited when you first join the AA Worksave Pension Plan.
Although it’s considered a suitable 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 most appropriate place for your pension savings to be invested.
If you think you want to make your own investment decisions, visit Investing your pension pot for the things you need to consider.