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Investment pathways

Investment pathways are four simple investment options designed for the different ways you can take money from your pension savings.

What are investment pathways?

Investment pathways were introduced to give people who are taking money from their pension savings simple, good-value investment options.

We offer a choice of four investment pathway options, covering the four most common ways that people generally choose to take money from their pension. You choose the one which most closely matches your plans for your pension savings.

What are my options?

Option 1: I have no plans to touch my money in the next five years

This aims to help your money continue to grow in value.

Download the option 1 factsheet (PDF)  

Option 2: I plan to use my money to set up a guaranteed income (annuity) within the next five years

This aims to give more certainty about the level of annuity you'll be able to set up in the future, although we can't guarantee this.

Download the option 2 factsheet (PDF)  

Option 3: I plan to start taking my money as a long-term income within the next five years

This aims to help your money continue to grow in value to support taking an ongoing income.

Download the option 3 factsheet (PDF)  

Option 4: I plan to take out all my money within the next five years

This aims to help your money continue to grow in value, while also supporting any withdrawals you make.

Download the option 4 factsheet (PDF)  

Why choose one of our investment pathways?

All our investment pathways are managed by experts and are regularly checked to make sure that they include the best mix of investments to continue to meet their aims.

Where necessary, our experts will adjust the mix of investments. You don’t need to do anything - this is all included at no extra cost to you.

Remember that all investments can go down as well as up in value, and you could get back less than you paid in.

Speak to an adviser

We recommend that you speak to a financial adviser before choosing your own investments as being in an unsuitable investment could reduce the value of your pension savings. This could mean that your money doesn’t last as long as you need it to.

Value of advice  

Risk profiler

Get an idea about your attitude to risk – how much risk you feel comfortable taking with your investments – by answering 12 simple questions.

Start questionnaire  

Frequently asked questions about investment pathways

No, you can choose any other investment option from our range.

They'll stay in the investment pathway unless you choose to move to another investment option.

No, you can make changes to your investments at any time.

You can move to another investment pathway or any of our other investment options at any time.

If you're unsure whether an investment pathway is right for you, we recommend speaking to a financial adviser. We designed our investment pathways to be a simple choice for our customers, but we can't give individual advice.