How your Plan is invested

The Trustees, having taken independent investment advice, have selected a range of investment choices.

Your money will automatically be invested in the Drawdown Lifestyle  unless you self-select another of the investment choices. This means you don’t need to do anything as the Trustees manage the investment of your savings for you. This is known as the default investment.

If you don’t want your Plan savings in the Plan default investment you can choose from the following investment options.

Lifestyles

There are three Lifestyles that you can choose from:

• Drawdown Lifestyle (Default Investment) – This lifestyle is designed for members who plan to use their Plan savings to “drawdown” or take a flexible income at retirement, spreading the amount and timing of withdrawals of their Plan savings. 
• Lump Sum Lifestyle – is designed for members who plan to take all of their Plan savings as a cash lump sum.
• Annuity Lifestyle – is designed for members who plan to use up to 25% of their Plan savings for a tax-free cash sum and the balance to buy an annuity (an income for life).

If you invest in a Lifestyle, when you’re seven years from your Target Retirement Age Legal & General will write to you explaining how the Lifestyle will further invest your savings. You will be asked if you are comfortable with the ongoing investment or whether you want to make a new investment choice.

For further details of how you can take your savings when you reach your Target Retirement Age visit your options for taking your money.

Other funds

If you are invested in a Lifestyle you are not able to invest in any other funds or Lifestyle at the same time.

If you want to select your own investment choices from the range of funds offered by the Plan, you can choose from 13 individual funds but you need to manage these investments over time yourself. You can choose from the following funds:

• UK Equity Tracker Fund
• International Equity Tracker Fund
• Emerging Markets Tracker Fund
• Diversified Growth Fund
• Index-Linked Gilts Tracker Fund
• UK Gilts Over 15 Year Tracker Fund
• Corporate Bond Fund
• Cash Fund
• Annuity Pre-Retirement Fund
• Property Fund
• Lump Sum Fund
• Income Drawdown Fund
• International Equity Sharia Fund

You can find further information on funds and Lifestyles available in the Plan in the Investment guide as well as all fund charges.

Responsible Investing