Core Portfolios

Our value-focussed range for pension investors, the Core Portfolios offer you access to a complete portfolio of investments in a single fund. With seven funds to choose from – ranging from Conservative to Adventurous – you can choose a risk level that you're comfortable with.

You can choose from seven Core Portfolios, each of which is designed to match a different risk preference. Click on the fund names below to find out more about each fund.

Generally, you'd expect higher risk funds to return more over the longer term than lower risk funds, but there's no guarantee of this and there's a greater chance they could lose money, particularly over shorter time periods.

Benefits of Core Portfolios:

  • Let you choose the balance of risk and long-term growth potential that’s right for you
  • Managed on your behalf – we monitor the portfolios and change them if needed
  • Provide a complete, risk-managed portfolio with a focus on value for money
  • Are backed by our Funds Promise, which means their performance is monitored by our Fund Governance Group

There's no guarantee the funds will meet their objectives. Their value can go down as well as up and isn't guaranteed. You could get back less than you invested. Before making any decision to invest in a particular fund, you should read the fund factsheets for full details on the fund, including risks and charges, which you can find by clicking on the fund names under the 'Core range' tab above.

How our Core Portfolios work

Risk management

We monitor risks at every stage of the investment process. For example, we assess how market factors, such as interest rate changes, government spending and trade disputes, might impact the portfolios over the long term. We then make adjustments to the asset allocation – the mix of equities (shares), bonds and cash – with the aim of making sure each portfolio keeps to its risk level.

Active asset allocation

Asset allocation is key, not just to managing risk, but for the growth potential of each portfolio. We work with award-winning investment specialists Morningstar* to create the optimal strategic asset mix for each target risk level.

Passively managed components

The portfolios use passively managed investments, also known as tracker funds. Passive investments aim to produce returns broadly in line with the markets they track (before charges) by investing in the same investments in the same proportions, as their benchmark. This approach means less manual intervention, keeping charges low.

Monitoring and rebalancing

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

  • We make asset allocation changes based on recommendations from Morningstar.
  • We check to see whether the funds the portfolios invest in, as well as the overall portfolios, are performing as expected.
  • We will change the mix, remove or add funds if they're not.

Our Funds Promise

We regularly check these funds with the aim of making sure they're meeting their objectives. Find out more.

*"Morningstar" refers to the Morningstar Investment Management Group, which includes Morningstar Investment Management Europe Limited, an FCA regulated firm, which is the entity providing the advice.