Governance

Governance is our commitment to you that we'll use our fullest resources and expertise to make sure the funds we select are high quality – both now and in the future – so you can invest in them with confidence.

Here's what you can expect from us:

• We have a formal structure in place to manage our governance process.
• We'll use the strictest criteria to select and de-select funds for our Guidance Range.
• We'll monitor all the funds in our Full Fund Range to make sure they continue to meet our own and our customers' expectations.
• To help us do this, we'll use our own considerable investment expertise and draw on the specialist knowledge of independent experts such as Morningstar OBSR and Mercer.
• We'll publish our selection criteria and full details of our governance process.
• We'll communicate all decisions we take.
• We'll inform you of any significant changes which could affect whether the funds you're invested in are still appropriate.

Please note: there are no guarantees that all the funds in our range will meet their objectives. In particular, there may be periods when funds under perform for good reason. This doesn't mean we'd necessarily remove them from the range. Our savings and pension products are medium to long term investments and our funds are designed with this in mind.

You should also be aware that even when funds produce negative returns they may still be meeting or exceeding their objectives where these are relative to a benchmark.

Past performance is no guide to future performance. The value of an investment can fall as well as rise for a number of reasons, for example market and currency movements. You may get back less than originally invested.