About the Scheme

  • You can choose how your additional pension savings are invested.
  • You can choose from 2 approaches: hands off and hands on.
    • Hands off lets you choose from one of 4 pre-packaged options. Your additional pension savings are invested automatically in pre-selected funds.
    • Hands on is a pick-your-own approach that lets you choose from a range of investment funds. You decide how much to invest in which funds.
  • You can change how your savings are invested as often as you like. The first 2 changes each year are currently free of administration charges. You may be charged a fee to cover administration for other changes you make during the year.
  • For more detailed information about your investment options, please read Adding a bit extra: Your guide to boosting your pension savings.

Find out more

Hands off

  • Hands off invests your additional pension savings in a pre-defined way. You can choose from 4 pre-packaged options:
Focused
(mainly pension) Focused
(cash at retirement) Blended
(mainly pension) Blended
(cash at retirement)
  • Each option aims to grow your ITV pension savings at first, and then protect them from sudden falls in value as you approach retirement.
  • What’s different about each option is the way it’s invested and the balance it strikes between the risk it takes and the returns it hopes to achieve.
  • The more investment risk you’re able to take (the risk that your additional pension savings may fall in value), the greater the potential to grow your pension savings. Click on the buttons above to find out how each option works.
  • When deciding, you should also consider how you plan to use your additional pension savings at retirement. When you retire, you can use your additional pension savings to provide extra income (a pension) and/or cash (within certain allowances). It’s up to you whether you use all of your additional pension savings to provide pension, take them as cash (assuming this is within HMRC allowances), or use them to provide a mixture of pension and cash.
  • Once you’ve chosen the option that’s right for you, your savings will be invested automatically and moved gradually between different types of investments depending on how far you are from your hands off completion date. This is a date you select; it can be any birthday from your 55th to your 75th birthdays and is usually the date you want to start receiving your pension.
  • While you should still keep your pension investments under review, you don’t have to worry about managing them regularly or deciding when to move them to less risky funds as you approach your hands off completion date; it’s all done for you.

Hands on

  • Hands on gives you full control of your investments by letting you choose from a range of funds.
  • You can decide which funds to invest in, how much to invest in each fund, and when to change your investments.
  • It’s important to remember that you’re responsible for deciding if and when to change your investments as you get closer to retirement.
  • For help choosing an option, take a look at the investment guide.
Funds
Company bonds
Emerging markets (index tracker)
Global shares excluding UK (index tracker)
Global shares (index tracker)
Global shares (index tracker) & mixed selection
Mixed selection
Money markets
Property and infrastructure
Shariah law (index tracker)
Social conscience
UK government bonds (index tracker)
UK government inflation-linked bonds (index tracker)
UK shares (this fund is closed to new investors)
UK shares (index tracker)