Targets higher growth by taking more investment risk than the blended options
May suit you if some or all of these points apply:
- you’re looking for the potential for high growth and are willing to accept more investment risk in return,
- you expect your additional pension savings to make up only a small part of your benefits in retirement,
- you could afford to save more towards your retirement if your additional pension savings fall in value near to retirement,
- you could delay taking your pension benefits (including your main ITV DB pension) or would be willing to work for longer (perhaps several years), where permitted, if your additional pension savings fall in value near to retirement, and/or
- you’re planning to take your additional pension savings as cash at retirement (within permitted allowances).
How it works
- During the growth phase, it aims to maximise the potential for growth over the longer term by investing in more risky funds (■shares) until you’re 10 years from your hands off completion date. The value of your additional pension savings is likely to go up and down, perhaps significantly, during this phase.
- During the protection phase, it starts to switch to a lower risk fund (■money markets) 10 years before your hands off completion date.
