Targets steady growth by taking less investment risk than the other hands off options
This option might suit you if some or all of these points apply…
- Savings: You’re relying on your ITV pension as your main source of income in retirement, and have little if any other savings to fall back on
- Earnings: You expect your earnings to increase steadily over your career
- Contributions: You plan to contribute steadily to your pension and would find it difficult to top up your ITV pension savings if they fall in value
- Retirement flexibility: You have little or no flexibility to delay taking your pension and would be unwilling to work for longer if your savings fall in value near to retirement
- Investment risk: You’re cautious by nature; you prefer to reduce the investment risk you take by investing in a wide range of investments. You accept this could mean losing out on potential gains, but you’re willing to trade potential gains in the expectation of more stability
How it works
- Aims to achieve steady growth over the longer term and spread investment risk by investing in a wide range of funds (■mixed selection) until you’re 10 years from your hands off completion date
- Starts to switch to lower risk funds (■bonds and ■money markets) 10 years before your hands off completion date
