Additional Voluntary Contributions
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  • AVCs

    AVC Extra

  • The lifestyle option

    You make the decisions about how your personal retirement account is invested. To take some of the worry out of making investment decisions you may wish to consider the Lifestyle Option. The Lifestyle Option uses three of the investment funds which are available to you.

    The Lifestyle Option starts by automatically investing in the Global Equity 70:30 Index Fund. Five years before you reach your target retirement date your investments automatically start to transfer to the Over 15 Year Gilts Index Fund and Cash Fund as these are lower risk investments.

    Benefits

    The benefits of the Lifestyle Option are:

    • it takes some of the stress out of making your own decisions;
    • it reduces the effect that the rise and fall of stock market prices may have on the value of your personal retirement account as you approach retirement; and
    • it reduces the risk of your personal retirement account not keeping pace with changing annuity rates.

    If you are considering early retirement before your minimum pension age, and have chosen the Lifestyle Option, you should contact us to tell us at what age you intend to retire. We will record this information on your pension records as your target retirement date. This date will be used to plan changes in the investment funds available through the Lifestyle option with the aim for you to retire at your chosen target retirement date.