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. 

Our ready-made investment options

Governed Portfolios

Investment options if you’re saving for retirement

Find out more  about Governed Portfolios

Lifestyle Strategies

Investment options that lower your risk as retirement gets closer

Find out more  about Lifestyle Strategies

Governed Retirement Income Portfolios

Investment options if you want flexible access to your savings for a regular income

Find out more  about Governed Retirement Income Portfolios

Saving for your retirement 

If you’re saving for your retirement, you have two options – Governed Portfolios or Lifestyle Strategies.

There are nine Governed Portfolios, each aligned to a specific risk level (Balanced, Cautious and Adventurous) and time to retirement (5, 10 and 15 years). So you can choose the one that's most appropriate for you based on how much risk you're comfortable taking (your attitude to risk) and how close you are to retirement. If you're invested in a Governed Portfolio, you should consider reviewing it regularly to make sure it remains aligned to your attitude to risk and planned retirement date. You can move to another Governed Portfolio at any time.

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.


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.

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.

Our Risk Profiler

To give you an idea of your attitude to risk, you can use our Risk Profiler

Investment options

You can find out more about our full range of investment options by downloading our Investing for your retirement guide or visiting the investment section of our website.