Select Portfolios

These premium portfolios let savers invest in a strategy that matches their risk appetite in a single, sophisticated fund. The portfolios aim to boost returns by holding funds that we, and independent fund research consultancy Morningstar, believe to be the best blend of funds in their sectors.

The Select Portfolios aim to deliver solid returns while making it easy to save in a pension.

Benefits of Select Portfolios:

  • Let savers choose the balance of risk and long-term growth potential that’s right for them.
  • Use Morningstar's global asset allocation and fund selection expertise.
  • Include funds from managers rated by Morningstar.
  • Are backed by our Funds Promise.

You can choose from six Select Portfolios, each of which is designed to match a different risk appetite.

There's no guarantee the funds will meet their objectives. Their value may go down as well as up and investors may get back less than the amount invested.

How Select Portfolios work

Asset allocation*

Morningstar uses an asset allocation model to create the optimal strategic asset mix for each target risk level, and then tactically refines it to account for shorter-term expectations.

*Asset allocation is the mix of different types of investment in a fund. Types of investment could include equities or shares, government and corporate bonds, property or cash, often split further by country and industry. You can usually see the asset allocation for your fund on the fund factsheet - see portfolio information above for links to the Select Portfolio factsheets.

BlackRock's strategic asset mix showing a Risk - Return curved plot starting with steep gradient which reduces as Risk - Return increase.

Actively managed

With the aim of maximising performance, each portfolio invests mainly in highly-rated funds selected by Morningstar. These funds are mostly actively managed, which means that they hold only the investments that their managers think will perform the best.

Monitoring and rebalancing

Because the portfolios are backed by our Funds Promise, we check them regularly to see if they're meeting expectations. That means:

  • We make asset allocation changes based on recommendations from Morningstar.
  • We check if both the component investments and overall portfolios meet their objectives.
  • We change the mix if needed to ensure the optimum asset mix.

Our Funds Promise

We regularly check insured funds  to see if they're meeting expectations. Find out more.