We’re making changes to the BlackRock Retirement Savings Plan
The default investment strategy in the BlackRock Retirement Savings Plan is changing.
By BlackRock, for BlackRock
The new default strategy will be designed and managed by BlackRock, and was built with our UK our employees in mind. A first of its kind, and informed by our global expertise and local insight.
If you’re invested in the current default strategy - the Aegon LifePath Flexi Strategy – you’ll be automatically transferred on April 1, 2026, so you don’t need to do anything.
More time for growth
Within the default investment strategy, there are two funds: the Growth Fund and the Retirement Fund. In the fifteen years leading up to retirement, your pension investment is gradually moved from the Growth Fund to the Retirement Fund.
From April 1, 2026, for those already in this de-risking period, a higher proportion of your investment will remain in the Growth Fund for longer compared to the current default strategy. This approach is designed to support stronger long-term growth and the potential for higher returns.
Opening access to private markets
Within the Growth Fund, 20% of your investments will be allocated to our Long-Term Assets Fund – known as the BlackRock LTAF. This fund invests in private markets, including private equity, real estate and infrastructure.
This means we’re helping to finance real-world progress – from the energy transition sector to cutting-edge digital infrastructure projects.
The LTAF gives you access to investment opportunities that have previously only been accessible to large institutional investors and are predicted to bring stronger long-term growth.
Kinder by default
We’re making changes, while always staying true to our ethical and sustainability principles.
Zero fees
BlackRock will cover all fees associated with the new default strategy, including any annual management charges.
This means more of your money is invested for growth.