What is a lifestyle fund?18 March 2015 Back to results
Lifestyle funds were developed primarily for the large numbers of pension scheme members who don’t make an active fund choice. They automatically manage their investment strategy from first joining the scheme right up to retirement. To do this they generally follow a two stage process:
These funds are designed for savers who plan to buy an annuity on retirement. If you don’t want to buy an annuity, or don’t know how you’ll take a retirement income, these funds may not meet your needs.
You may also want to find out about our Flexible Target funds, designed for those want to keep their options open.
The value of investments may go down as well as up, you may get back less than you originally invested. We review these funds regularly and may change them if we believe it’s in the best interests of investors.
Speak to a financial adviser to find out more.
You have lots of choice about how you access your retirement savings. We’re here to help. Our website, Your Retirement Planner, has information and tools to help you understand your options when you get close to retirement.