A pension is a long-term investment. Its value can go down as well as up and could be worth less than was paid in. Laws and tax rules may change in the future. Your own circumstances and where you live in the UK will also have an impact on tax treatment.
We're making changes to your investment options
You might be invested in one of our current options within the Active Plus and Passive Plus ranges. We’re making changes to these that you need to know about. If you're invested in one of these options, we'll either have been in touch already or will be soon to give you more details of the changes.
If you're in Active and Passive Plus I and II options
We’ll be closing our Active and Passive Plus I and II options and will switch your investments to one of our sustainable investment options, you'll find the details of which option in the letter we send you. Visit our responsible investing page to find out how we integrate ESG into the investment options we offer you.
If you're in Active and Passive Plus III options
We’ll be making a number of changes to how we invest your money. This means Active and Passive Plus III options will be managed in a similar way to our Sustainable Multi Asset approach. You can read more details about your option in the relevant document below.
If you were previously in Active Plus III
If you were previously in Passive Plus III
If you're in Active and Passive Plus IV and V options
We’ll be switching your money so it’s invested in our Sustainable Multi Asset Universal SLP. Visit our lifestyle profile page to find out how these options aim to make it easy for you to save for retirement.
We'll be closing our Active and Passive IV and V options.
Charges across the Active Plus and Passive Plus range have gone down
As a result of changes we are making to where these funds invest, we’re reducing the Annual Management Charges (AMC) with effect from 1 March 2022.
If you’re not sure where your money’s invested, you can find details by registering with our online services. To do this, you’ll need your plan number, which you can find on most letters or statements we've sent you.
Taking a sustainable approach
We’ll be increasing the sustainable investment content by avoiding certain investments, investing more in companies based on their sustainability activities and working with our fund managers to influence the companies they invest in on your behalf. This activity aims to ensure risks associated with sustainability are captured and managed effectively.
Read our approach to responsible investing guide.
Other responsible options are available
You can also check what funds available to you
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We’ll keep you updated
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About the changes
Find out more about the changes.
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Fund news
Fund news and articles page.
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Investment options
More on the investment options we offer.