When you invest in a pension plan, your money goes into investment funds. These investment funds are invested in a variety of things, for example the stock market, bonds, property or cash. The type of investment will vary depending on which investment funds you have chosen. As with any investment the value of your fund can go up or down and may be worth less than what you pay in.

People have different attitudes to investment risk. You can use our risk questionnaire to help you understand your personal level.

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