Targets medium growth by taking less investment risk than the focused options
May suit you if some or all of these points apply:
- you’re looking to spread investment risk by investing in a wide range of assets and are willing to accept lower potential for growth in return,
- you expect your additional pension savings to make up a reasonable part of your retirement benefits,
- you might find it a strain on your finances to save more towards your retirement if your additional pension savings fall in value near to retirement,
- you have less flexibility to delay taking your pension benefits (including your main ITV DB pension) or would be less willing to work for longer (perhaps several years) if your additional pension savings fall in value near to retirement, and/or
- you’re planning to use your additional pension savings at retirement to provide either pension or a mixture of pension and cash.
How it works
- During the growth phase, it aims to achieve good growth over the longer term by investing in a combination of shares and other investments (■global shares (index tracker) & mixed selection) until you’re 10 years from your hands off completion date.
- During the protection phase, it starts to switch to lower risk funds (■bonds and ■money markets) 10 years before your hands off completion date.