Lifestyle
If you don't want to take an active part in the investment of your Retirement Account, Lifestyle is a process that sets pre-determined percentages into three funds until you start your pension.
Initially, as a younger member, your fund is completely invested in equities and five years before your Target Retirement Age (ten years in Lifestyle1997), pre-defined amounts of your existing Retirement Account are ‘switched’ into less volatile investments. If markets fall during the switching period, you may see some switching back into equities so that the percentages are maintained.
Full details of Lifestyle can be found here. You just need to know whether you are in Lifestyle or Lifestyle1997 and if you don't, please contact us.
Although the Trustee has made Lifestyle available for those who don't want to take an active part in investments, it still remains your responsibility to make sure that Lifestyle is suitable for your own individual circumstances.
if you are already within five years of starting your pension, choosing the Lifestyle option may not be appropriate. You should seek Independent Financial Advice before choosing this option.
Last Updated: 09/10/2009
