Making your own investment choices
You can choose where your pension is invested. However, before you make any changes, there are a number of things you ought to consider.
How do you feel about investment risk?
All investment involves a degree of risk. It’s important that you understand, and are comfortable with, the risks you're taking before making any investment choices.
Investment Guide includes a step-by-step guide to help you understand all the things you should consider before making any investment decisions.
Are your savings invested in the right place?
How your pension is invested can make a big difference. So, it’s important to make sure you’re invested in a way that reflects your circumstances and goals.
If you want to make sure that you are making responsible investment choices our fund guide will help you understand your options.
You can find out more about how the money from your pension is invested to make a difference on our Environment, Social and Governance Hub. For information about SAUL’s approach to responsible investment, visit the Document library.
How much income do you think you’ll need in retirement?
It might seem a long way off, but working out how much you’ll need (or want) in retirement will be an important factor in helping you decide how much to pay in and where to invest it.
Remember that if you’re in SAUL for more than three years, you’ll also have a different type of pension based on your salary to give you extra income when you retire. You can find out more at www.saul.org.uk.
When are you planning to take your money?
The amount of time until your selected retirement age could influence the amount of risk you’re prepared to take. For instance, the further away it is, the more risk you might be prepared to accept. Similarly, you may want to take less risk, the closer you are to retirement.
Can you afford for your pension pot to go down in value?
Are you prepared or able to accept a fall in the value of your pension savings in return for the possibility of greater returns? Or would you prefer more predictable, although potentially lower, returns?
Where can I find more information about funds?
You can view information about all the funds available to you by logging into Manage Your Account.
For detailed information such as up-to-date fund performance and unit prices, see our Fund Centre.
How often will you review your investment choices?
It’s important to regularly review your pension savings to make sure they stay on track, especially if your plans or circumstances change, or if markets experience a downturn. You can change your investment choices in Manage Your Account.
Please note Legal & General cannot provide financial advice. If you want help to make your own investment choices, you should speak to a financial adviser. You can find one in your local area at unbiased.co.uk. Financial advisers usually charge a fee for their services, but it will be personal to you and your circumstances.
