Your investments
Your retirement savings are invested with the aim of providing you with the best possible income when you retire. Get the highlights about investments below, with full details in the Savings Trust Guide.
Target Date Funds (TDFs): one year on
It’s been over a year since we launched the Savings Trust’s new default investment solution in June 2023, which over 80% of you save into.
As your TDF is made up of two brand-new investment funds, we’ve had to wait for a full 12 months to pass before being able to show the performance figures for the first year. However, we’re pleased to report that it’s been a positive start for the TDFs.
Growth focused
Performance from inception to 30 June 2024
Retirement focused
Performance from inception to 30 June 2024
Your TDF vintage will be 100% invested in the growth-focused fund when you’re more than 15 years from your retirement date. But once you’re within 15 years of it, your retirement savings will slowly start to move from the growth-focused fund to the retirement-focused fund – or, in simple terms, from higher to lower-risk investments.
This chart shows how it works:
This is the specific TDF your money is invested in. We’ve got lots of them, and each one is linked to a particular year of retirement. By doing this, the TDF makes sure your investment risk is set at an appropriate level.
As an example, if your retirement date is in 2040, your money will be invested in the Target Date Fund 2040.
TDFs are designed to let you hand control of the investment side of your retirement savings to the experts. All you need to do is keep your scheme retirement age updated when your retirement plans start to firm up. You can update your plans in MyWorkplace at any time, and Aviva will take care of updating your TDF vintage to match.
Target Date Funds: award-winning innovation
We’re delighted that our new default investment solution was recognised by the wider pensions industry by being awarded Best Pension Scheme Innovation at the 2024 Pensions Age Awards.
Unlike other TDFs, our solution offers a unique investment mix for every possible year of retirement. Other schemes have TDFs that span a five-year retirement period, which your Trustee Board felt didn’t allow the precise level of control that you’d expect.
Working with their partners, Mercer, Aviva and BlackRock, the Trustee Board designed and implemented the TDF solution that was successfully launched in June 2023.
Meet BlackRock
BlackRock are the investment experts behind our Target Date Funds. We’ve arranged an opportunity for you to learn about our award-winning investment solution and get any questions you have answered.
Please join us virtually on Microsoft Teams on either 22 October 2024 at 10am or 24 October at 3pm. Both sessions are the same and will last around one hour.
You’ll need to register in advance at this link: https://rrpensions.typeform.com/MeetBlackRock.
Choosing your own investments
If you prefer to make your own investment choices, you can. We have 18 to choose from, and you can also add in any of our TDF vintages to your self-selected mix.
Although past performance is not a guide to future performance, our interactive cumulative performance guide shows what’s happened with the core investment funds over one, three and five years to 30 June 2024.
*This is the new name for the L&G (PMC) Ethical Global equity fund, effective from 31 July 2024
MyWorkplace lets you see detailed investment performance figures that are updated regularly. See our guide to find out how.