Where is my workplace pension invested?
Your workplace pension is invested in the Royal London Balanced Lifestyle Strategy (Drawdown).
The Balanced Lifestyle Strategy (Drawdown) is part of our range of target lifestyle strategies that are designed to reduce investment risk as retirement approaches by gradually switching from higher to lower risk investments.
What does Drawdown mean?
The lifestyle strategy you’re invested in is targeting drawdown. Investing your retirement savings in this strategy means that at your chosen retirement age you’ll have flexibility on how you take your retirement savings.
You can keep your savings invested until you need them, take a lump sum when you need it and regular payments if you like - the choice is yours. Remember, the value of investments can fall as well as rise so you could get back less than you pay in.
Take the income you need, when you need it – also known as 'Drawdown'.
You can choose your own investments if you want to and you don't have to choose drawdown as an option at retirement.
Download our Guide to where your workplace pension is invested to find out more.
To find out more about your retirement options you can watch this video.
If you think you’d like to change your pension investments then you should talk to a financial adviser.