How your savings are invested
For members with a DC pension, how much you receive at retirement depends on how much is paid into your Individual Account and how that money is invested over time. Taking the time to understand your investment options is one of the most valuable things you can do for your future retirement income.
Two ways to invest your Individual Account
SmartPath is the Fund's default investment strategy and where most members' savings are invested.
It automatically de-risks your investments as you approach retirement, with three strategies to choose from depending on how you plan to take your benefits: income drawdown, buying an annuity, or taking a lump sum. If you don't make an investment choice, your Individual Account will be placed in the SmartPath Target Drawdown option with a default retirement age of 65, so it's worth checking this reflects your actual plans.
Self Select is an alternative for members who are comfortable making their own investment decisions. It gives you the freedom to build your own portfolio from the range of funds available.
You can switch between SmartPath and Self Select at any time through OneView, where they appear as Lifestyle and Freestyle respectively.
Please note, members bear all investment risk, and the Trustee does not guarantee returns or accept liability for losses. You can change your investment choices, or transfer to another pension arrangement, at any time.
Your retirement is in your hands
The investment choices you make today will shape what your retirement looks like, so it's worth taking the time to explore your options. The Investment Guide and SmartPath video are a good place to start. You can review and update your investment choices at any time through OneView.