With our easy option Personal Pension your money goes into one of our MyFolio Managed Strategic Lifestyle Profiles.
Here’s some information about the profiles, so you can understand more about how they work, the different risk levels, where and what they invest in, and how they’re performing.
What are lifestyle profiles and how do they work?
Lifestyle profiles are designed to make it easy for you to save for retirement. Once you’re in a lifestyle profile, you don’t need to do anything, although we do recommend that you regularly review your investments to make sure they’re on track to meet your goals.
1. Growth phase
(usually if you’re more than 10 years from your retirement)
Our MyFolio Managed Strategic Lifestyle Profiles will invest your money in one of the MyFolio Managed Funds based on your chosen level of risk. These aim to increase the value of your pension over time.
2. Approaching retirement phase
(usually if you’re less than 10 years from your retirement)
The profiles will gradually move your money into funds designed to get your investments to where they need to be for taking your retirement benefits.
Remember that all funds can go down as well as up in value and investment growth is not guaranteed.
You make one decision, our experts will do the rest
You simply choose which MyFolio Managed Strategic Lifestyle Profile is right for you based on your chosen level of risk.
Choose how much or how little risk you're happy to take:
Remember that past performance is not a guide to future returns.
How the funds you invest in through the profile will change as you get closer to retirement
The funds you invest in through the profile will change as you get closer to retirement. You don't have to do anything - your money will be moved automatically
1. Growth phase
During the growth phase, your money will be invested in one of the MyFolio Managed Funds.
Let’s look at performance
Other strategic lifestyle profiles
If you know how you want to take your money when you retire, one of our other strategic lifestyle profiles may be more appropriate. For example, if you want to buy a fixed income (an annuity), we have a range of Annuity strategic lifestyle profiles.