Your investment options
At a glance
The amount of money you and the Company pay into the Plan is not the only way your retirement savings can grow in value.
Where the money is invested and how those investments perform will have a big impact on how much you’re building up in your retirement savings over time.
Understanding your investment options will help you start to put your money into training for the day you’ll need it.
By law, neither the Trustee, nor the Company, can advise you on your investment choices. If you are in any doubt about how you want to invest your retirement savings, we recommend that you seek advice from an independent financial adviser. Find out more about taking advice.
Your options
There are two ways you can invest your retirement savings with the Plan.
These are ready-made investment strategies designed to meet the needs of a wide range of people in the Plan. They do most of the work for you by choosing where your money is invested and moving your money into investments that are more stable as you get older and closer to retirement.
There are two Journey Plan funds – Journey Plan 2 and Journey Plan 4. If you don’t make any investment choices, your account will be invested in Journey Plan 2.
With Journey Plan funds, because your investments automatically move into funds that are more stable as you get nearer to taking your benefits, it’s important that you let us know when you’re planning to retire. You can do that by setting a target retirement date by logging into the secure area of the website. This is important because if we don’t know when you plan to take your benefits, your funds might not be invested in the most appropriate way (much like setting off on a journey without being sure of the destination). If you haven’t selected otherwise, your target retirement date will be set to age 65. You can tell us when you think you will retire by logging into the secure area of the website.
This is where you get to decide where your money is invested and how much you want to invest in different types of funds. It’s an important decision as the amount of retirement income you could receive from your savings will depend partly on how well your investments have performed over the years.
What you choose to invest in will depend on many things including how many years you have to go until retirement, how you feel about the ups and downs of investment performance, how you feel about responsible investment and what you want to do with your money when you come to retire.
Finding out more
You can read more about your investment choices in the Investment guide.
You can find out where your account is currently invested by logging into the secure area of the website. You can also change your investment choices and set a new target retirement date if you wish.