Whether you’re saving for retirement or already retired, choosing investments to meet your goals can be difficult. That’s where the ready-made investment options in our Governed Range come in.
The Governed Range
Governed Portfolios
Investment portfolios designed for saving for retirement
Lifestyle Strategies
Investment options that lower your risk as you get closer to retirement
Governed Retirement Income Portfolios (GRIPs)
Investment portfolios designed for taking a regular income in retirement
Saving for your retirement
If you're saving for your retirement, you might want to consider our Governed Portfolios or Lifestyle Strategies.
We offer a range of Governed Portfolios, each with a different level of investment risk, so you can choose the one that most closely matches how much risk you're comfortable taking (your attitude to risk). If your attitude to risk changes at any time, you can simply move to another Governed Portfolio.
If you want an option that does everything for you right up to your retirement date, one of our Lifestyle Strategies might be right for you. They're designed to reduce the amount of risk you take as you get closer to retirement. You simply choose the one which is most closely aligned to your attitude to risk and how you’re likely to use your pension savings when you retire:
- Flexible income (drawdown) – keep your pension savings invested and take the income you need, when you need it.
- Guaranteed income (annuity) – enjoy a guaranteed and regular income for the rest of your life.
- Cash – take your pension savings as one or more cash lump sums.
You don’t need to do anything else – as you get closer to retirement , we’ll move your money into lower-risk investments.
We do though encourage you to regularly review your pension investments to make sure they stay on track to meet your retirement income goals.
Taking money from your pension savings
If you decide to keep your pension savings invested once you reach retirement and take a flexible income, one of our five Governed Retirement Income Portfolios could be for you.
They’re designed specifically to help your pension savings continue to grow in value, while at the same time helping them to withstand sudden market shocks which could lead to sudden and significant falls in value. It's important to remember though that like all investments, their value can go down as well as up, and you could get back less than you pay in.
As with the Governed Portfolios and Lifestyle Strategies, you choose the one which best suits your attitude to risk.
Ongoing monitoring and governance to give you peace of mind
All our ready-made options are looked after by our investment experts to make sure they continue to meet their objectives.
On top of that, our Investment Advisory Committee, which includes independent external experts, provides additional and impartial oversight to ensure that all investment decisions are made in our customers’ best interests.
It’s important to remember that the value of all investment options can go down as well as up and you could get back less than you pay in.
Think about how much risk you’re comfortable taking
When deciding where to invest, you need to be comfortable with how much risk you’re taking and also understand that the amount of risk you take may have an impact on how much your money will grow in value.
Of course, investment returns are never guaranteed. But, generally, the higher the potential return, the greater the risk of losing money. And the lower the risk, the lower the potential return.
Use our Risk Profiler to help you understand how much risk you’re comfortable taking with your investments and what investment options might be suitable for you.