When you join the pension plan, the contributions that you and/or your employer 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 your employer when you first join the pension plan.
You'll also be able to find out more about the default investment option in Fund information .
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.
Some of the things to think about, should you decide you want to make your own investment decisions.
The basics of investing, like how funds and lifestyle profiles work, and the things they invest in.
Keeping up to date with your pension savings is easy with our online service, Manage Your Account.