Low-involvement investment options

With these options we make most of the investment decisions, so you don’t have to. Ideal if you don’t want to spend much time managing your investments.

What is a lifestyle/lifestage approach?

There are two types of low-involvement investment options available – lifestage approaches and lifestyle approaches.

In a nutshell, lifestage and lifestyle approaches are pre-determined investment paths on which, at various stages, we’ll automatically move your money between carefully chosen funds. In other words, they’re ways of investing for your retirement without having to be too hands-on in managing your pension plan.

Growth in the early years

Typically, in the early years (normally more than 5 or 10 years before your chosen retirement age) your money is invested in one or more funds that aim to grow your pension pot over the long term.

Focus on your retirement plans in later years

As you get closer to your chosen retirement age, we will automatically and gradually move your money into different types of funds which are designed to prepare your pension pot for how you intend to take your retirement benefits.

Lifestyle investment approach

If you invest in a lifestyle approach, we will automatically move your new pension payments into different types of funds at set dates (as indicated under ‘Here are your low-involvement investment options’ below). Your existing pot of money will be moved into the funds gradually, month by month. We move your existing money, automatically on set dates, so there’s a chance we may move your money at a time that wouldn’t offer you the best returns on your investment.

Lifestage investment approach

Lifestage approaches have a feature called ‘automatic rebalancing’. This is where we automatically adjust how your entire pot of money is split between funds, at regular, set intervals. We do this to make sure you’re not exposed to a different level of investment risk than you wanted to be.We rebalance your funds automatically on set dates, so there’s a chance we may move your money at a time that wouldn’t offer you the best returns on your investment.

You should also bear in mind that fund values can go down as well as up and are not guaranteed - you might get back less than the amount paid in.

Things to consider

  • A lifestage/lifestyle investment approach is a pre-determined investment path on which, at various stages, we’ll automatically move your money between carefully chosen funds. As you get closer to your chosen retirement age – you don’t make any of these investment choices.
  • We will automatically move your money/rebalance your fund on set dates, regardless of market performance and economic conditions at that time. As a result, it may not move at a time that gives you the best return on your investment.
  • These investment approaches work based on the age you’ve told us you want to retire at. If you decide to take your retirement benefits from your pension pot earlier or later than your chosen retirement age, it may be worth reviewing how your money is invested.
  • If you intend to change the way you take your retirement benefits or how you invest your money, we recommend you speak to a financial adviser to go over your investment choices.
  • If you’re close to your chosen retirement age, there may be less chance for investment growth because you have less time to invest.
  • Because we invest your money for growth in the early years, and aim to prepare for your retirement in later years, you could receive a lower return from the funds we move your money into than from the funds you were previously invested in. There’s also a greater possibility that the investment returns on the funds we move your money to may not cover your charges.
  • Please remember, the value of your pension pot can go down as well as up, and is not guaranteed - you might get back less than the amount paid in.
  • Whether a lifestage/lifestyle investment approach is right for you will depend on your individual circumstances, so we recommend you speak to a financial adviser.

Please make sure you read the essential guide to your company pension scheme alongside this page to understand how your pension plan works and the options available to you.

If you're choosing a new investment option, make sure it's suitable for your circumstances and the level of risk you're comfortable with.

Your money might be invested in a default investment option when you first join the scheme, and your employer might also offer other investment options specific to their scheme. For details of what these investment approaches are, check the information they've given you about their scheme.

Nothing on this site is personalised advice or a recommendation. If you need a personalised recommendation based on your personal circumstances, you should seek financial advice. Your employer may have lined up a financial adviser that you can speak to. Alternatively, you can visit unbiased.co.uk to find an adviser in your area. An adviser may charge a fee for this service.

Here are your low-involvement investment options:

If you’re choosing an investment option, make sure it’s suitable for your circumstances and level of risk you’re comfortable with.

Future Focus 1 Drawdown Lifestage Approach

Objectives

This approach aims to minimise large fluctuations in the value of your pension pot, but the potential for growth may be limited. It is designed to prepare your pension pot for flexible access at your chosen retirement age:

  • taking some of the money as and when you need it, either as cash sums or as flexible income (known as drawdown) or
  • leaving your money where it is and making your choices later

Please note: At your chosen retirement age you will have a number of retirement options, (even if you remain invested in this lifestage approach), however this lifestage investment approach has been designed to prepare for the particular retirement options shown above.

This approach is not designed to prepare for:

  • withdrawing all the money in your pension pot
  • buying an income for your lifetime (known as an annuity) at your chosen retirement age

How it works

It invests in a low to medium risk fund (Aviva Diversified Assets Fund I) and then at 3 years from your chosen retirement age, we gradually move some money into the low risk Aviva Deposit fund which aims to protect a small portion of your pension pot that can be taken tax free.

The exact fund split when you start investing depends on how far from your chosen retirement age you are at that time. The diagram below shows how we’ll split your investment between funds as you head towards your chosen retirement age.

Please remember, the value of your pension pot can go down as well as up, and is not guaranteed - you might get back less than the amount paid in.

You can find full information about the funds used in this approach at www.aviva.co.uk/pensionfund-info

Future Focus 2 Drawdown Lifestage Approach

Objectives

This approach aims to provide growth in the early years, although the value of your pension pot could fluctuate. It is designed to prepare your pension pot for flexible access at your chosen retirement age:

  • taking some of the money as and when you need it, either as cash sums or as flexible income (known as drawdown) or
  • leaving your money where it is and making your choices later

Please note: At your chosen retirement age you will have a number of retirement options, (even if you remain invested in this lifestage approach), however this lifestage investment approach has been designed to prepare for the particular retirement options shown above.

This approach is not designed to prepare for:

  • withdrawing all the money in your pension pot
  • buying an income for your lifetime (known as an annuity) at your chosen retirement age

How it works

In the early years (up to 10 years before your chosen retirement age), the approach invests in a medium risk fund (Aviva Diversified Assets Fund II), which aims to provide growth.

From 10 years to your chosen retirement age, your money gradually moves into a low to medium risk fund (Aviva Diversified Assets Fund I), which aims to help minimise fluctuations in the value of your pension pot. From 3 years to your chosen retirement age, some of your money is gradually moved into the low risk Aviva Deposit fund which aims to help protect a small portion of your pension pot that can be taken tax free.

The exact fund split when you start investing depends on how far from your chosen retirement age you are at that time. The diagram below shows how we’ll split your investment between funds as you head towards your chosen retirement age.

Please remember, the value of your pension pot can go down as well as up, and is not guaranteed - you might get back less than the amount paid in.

You can find full information about the funds used in this approach at www.aviva.co.uk/pensionfund-info

Future Focus 2 Annuity Lifestage Approach

Objectives

This approach aims to provide growth in the early years, although the value of your pension pot could fluctuate. It is designed to prepare your pension pot for:

  • buying an income for your lifetime (known as an annuity) at your chosen retirement age

Please note: At your chosen retirement age you will have a number of retirement options (even if you remain invested in this lifestage approach), however this lifestage investment approach has been designed to prepare for the particular retirement option shown above.

This approach is not designed to prepare for:

  • taking some of the money as and when you need it, either as cash sums or as flexible income (known as drawdown)
  • withdrawing all the money in your pension pot or
  • leaving your money where it is and making your choices later

How it works

In the early years (up to 10 years before your chosen retirement age), the approach invests in a medium risk fund (Aviva Diversified Assets Fund II), which aims to provide growth.

From 10 years to your chosen retirement age, your money gradually moves to a different type of fund (Aviva BlackRock Aquila Over 15 years Corporate Bond Index Tracker, medium risk) which aims to help protect the level of income you could get when you reach your chosen retirement age. From 3 years to your chosen retirement age, some of your money is gradually moved into the low risk Aviva Deposit fund which aims to help protect a small portion of your pension pot that can be taken tax free.

The exact fund split when you start investing depends on how far from your chosen retirement age you are at that time. The diagram below shows how we’ll split your investment between funds as you head towards your chosen retirement age.

Please remember, the value of your pension pot can go down as well as up, and is not guaranteed - you might get back less than the amount paid in.

You can find full information about the funds used in this approach at www.aviva.co.uk/pensionfund-info

Future Focus 2 Lump Sum Lifestage Approach

Objectives

This approach aims to provide growth in the early years, although the value of your pension pot could fluctuate. It is designed to prepare your pension pot for:

  • withdrawing all the money in your pension pot at your chosen retirement age

Please note: At your chosen retirement age you will have a number of retirement options, (even if you remain invested in this lifestage approach), however this lifestage investment approach has been designed to prepare for the particular retirement option shown above.

This approach is not designed to prepare for:

  • taking some of the money as and when you need it, either as cash sums or as flexible income (known as drawdown)
  • buying an income for your lifetime (known as an annuity)
  • leaving your money where it is and making your choices later

How it works

In the early years (up to 10 years before your chosen retirement age), the approach invests in a medium risk fund (Aviva Diversified Assets Fund II), which aims to provide growth.

From 10 years to your chosen retirement age, your money gradually moves into a low to medium risk fund (Aviva Diversified Assets Fund I) and from 4 years to your chosen retirement age all your money is gradually moved into the low risk Aviva Deposit fund. We do this to help protect the value of your pension pot. There is still a chance that the value of your pension pot could fall and that investment returns may not cover your charges or keep up with the rate of inflation.

The exact fund split when you start investing depends on how far from your chosen retirement age you are at that time. The diagram below shows how we’ll split your investment between funds as you head towards your chosen retirement age.

Please remember, the value of your pension pot can go down as well as up, and is not guaranteed - you might get back less than the amount paid in.

You can find full information about the funds used in this approach at www.aviva.co.uk/pensionfund-info

Future Focus 3 Drawdown Lifestage Approach

Objectives

This approach aims to provide growth in the early years, although the value of your pension pot could fluctuate significantly. It is designed to prepare your pension pot for flexible access at your chosen retirement age:

  • taking some of the money as and when you need it, either as cash sums or as flexible income (known as drawdown) or
  • leaving your money where it is and making your choices later

Please note: At your chosen retirement age you will have a number of retirement options, (even if you remain invested in this lifestage approach), however this lifestage investment approach has been designed to prepare for the particular retirement options shown above.

This approach is not designed for:

  • withdrawing all the money in your pension pot
  • buying an income for your lifetime (known as an annuity) at your chosen retirement age

How it works

In the early years (up to 10 years before your chosen retirement age), the approach invests in a medium risk fund (Aviva Diversified Assets Fund III), which aims to provide growth.

From 10 years to your chosen retirement age, your money gradually moves into a low to medium risk fund (Aviva Diversified Assets Fund I), which aims to help minimise fluctuations in the value of your pension pot. From 3 years to your chosen retirement age, some of your money is gradually moved into the low risk Aviva Deposit fund which aims to help protect a small portion of your pension pot that can be taken tax free.

The exact fund split when you start investing depends on how far from your chosen retirement age you are at that time. The diagram below shows how we’ll split your investment between funds as you head towards your chosen retirement age.

Please remember, the value of your pension pot can go down as well as up, and is not guaranteed - you might get back less than the amount paid in.

You can find full information about the funds used in this approach at www.aviva.co.uk/pensionfund-info

Mixed Investments Annuity Lifestyle approach

Objectives

This approach aims to provide growth in the early years, although the value of your pension pot could fluctuate. It is designed to prepare your pension pot for:

  • buying an income for your lifetime (known as an annuity) at your chosen retirement age.

Please note: At your chosen retirement age you will have a number of retirement options, (even if you remain invested in this lifestyle approach), however this lifestyle investment approach has been designed to prepare for the particular retirement options shown above.

This approach is not designed to prepare for:

  • taking some of the money as and when you need it, either as cash sums or as flexible income (known as income drawdown)
  • withdrawing all the money in your pension pot or
  • leaving your money where it is and making your choices later

How it works

This investment approach goes through up to three stages, depending on how long you have left before your chosen retirement age when you start using it. To find out whether this option is available under your plan please visit www.aviva.co.uk/retirement/fund-centre/other-investment-options.html or check your policy documents.

If you have more than ten years before your chosen retirement age:

Stage 1: at the start

To begin with, we invest all your payments into a medium risk fund, the Aviva Mixed Investment (40-85% Shares) fund. We do this to give you the potential for growth. This will continue until 10 years before your retirement.

Stage 2: ten years before your chosen retirement age

When you’re 10 years from your chosen retirement age, we’ll invest any new payments into a low to medium risk fund, the Aviva Mixed Investment (0-35% Shares) fund, and this will continue for the next five years. During this time, we’ll also move your existing investment across, month by month. We do this to help lower the risk to your pension pot.

Stage 3: five years before your chosen retirement age

At five years before your chosen retirement age we’ll invest 75% of any new payments into a medium to high risk fund the Aviva Long Gilt fund, which aims to help protect the level of income you could get when you reach your chosen retirement age and the remaining 25% into a low risk fund, the Aviva Deposit fund, which aims to help protect the portion of your pension pot that can be taken tax free. During this time, we’ll also move your existing investment across to these two funds, month by month.

Please remember, the value of your pension pot can go down as well as up, and is not guaranteed. This means you might get back less than the amount paid in.

The diagram below shows how your payments are invested over the three stages.

We’ll write to you before we start moving your money – and you can change your investment choice at any time.

For more information visit our online investment centre at www.aviva.co.uk/retirement/fund-centre/other-investment-options.html

How the approach works

Stage 1
At the start (but only if you have more than 10 years before your chosen retirement age)
Stage 2
Ten years before your chosen retirement age(if you have been using this approach prior to this time)
Stage 3
Five years before your chosen retirement age(if you have been using this approach prior to this time)
New payments All new payments 75% of new payments
Invested in the Aviva Mixed Investment(40-85% Shares) fund Aviva Mixed Investment (0-35% Shares) fund Aviva Long Gilt fund
The rest of your pension pot 25% of new payments
Moved monthly into this fund Aviva Deposit fund
The rest of your pension pot
Moved monthly at the same percentages into each fund

Please note: If you have less than 10 years to your chosen retirement age, but more than 5 years when you join this lifestyle, you will start the approach in stage 2.

You can’t join this lifestyle approach if you have 5 or less years to your chosen retirement age.

You can find full information about the funds used in this approach at www.aviva.co.uk/pensionfund-info

Mixed Investments Drawdown Lifestyle approach

Objectives

This approach aims to provide growth in the early years, although the value of your pension pot could fluctuate. It is designed to prepare your pension pot for flexible access at your chosen retirement age:

  • taking some of the money as and when you need it, either as cash sums or as flexible income (known as income drawdown) or
  • leaving your money where it is and making your choices later.

Please note: At your chosen retirement age you will have a number of retirement options, (even if you remain invested in this lifestyle approach), however this lifestyle investment approach has been designed to prepare for the particular retirement options shown above.

This approach is not designed to prepare for:

  • withdrawing all the money in your pension pot
  • buying an income for your lifetime (known as an annuity) at your chosen retirement age.

How it works

This investment approach goes through up to three stages, depending on how long you have left before your chosen retirement age when you start using it. To find out whether this option is available under your plan please visit www.aviva.co.uk/retirement/fund-centre/other-investment-options.html or check your policy documents.

If you have more than ten years before your chosen retirement age:

Stage 1: at the start

To begin with, we invest all your payments into a medium risk fund, the Aviva Mixed Investment (40-85% Shares) Fund. We do this to give you the potential for growth. This will continue until 10 years before your retirement.

Stage 2: ten years before your chosen retirement age

When you’re 10 years from your chosen retirement age, we’ll invest any new payments into a low to medium risk fund, the Aviva Mixed Investment (0-35% Shares) Fund, and this will continue for the next five years. During this time, we’ll also move your existing investment across, month by month. We do this to help lower the risk to your pension pot.

Stage 3: five years before your chosen retirement age

At five years before your chosen retirement age we’ll invest 75% of any new payments into a low to medium risk fund the Aviva Diversified Assets Fund I, which aims to help minimise fluctuations in the value of your pension pot and the remaining 25% into a low risk fund, the Aviva Deposit fund, which aims to help protect the portion of your pension pot that can be taken tax free. During this time, we’ll also move your existing investment across to these two funds, month by month.

Please remember, the value of your pension pot can go down as well as up, and is not guaranteed. This means you might get back less than the amount paid in.

The diagram below shows how your payments are invested over the three stages.

We’ll write to you before we start moving your money – and you can change your investment choice at any time.

For more information visit our online investment centre at www.aviva.co.uk/retirement/fund-centre/other-investment-options.html

How the approach works

Stage 1
At the start (but only if you have more than 10 years before your chosen retirement age)
Stage 2
Ten years before your chosen retirement age (if you have been using this approach prior to this time)
Stage 3
Five years before your chosen retirement age (if you have been using this approach prior to this time)
New payments All new payments 75% of new payments
Invested in the Aviva Mixed Investment(40-85% Shares) fund Aviva Mixed Investment (0-35% Shares) fund Aviva Diversified Assets Fund I
The rest of your pension pot 25% of new payments
Moved monthly into this fund Aviva Deposit fund
The rest of your pension pot
Moved monthly at the same percentages into each fund

Please note: If you have less than 10 years to your chosen retirement age, but more than 5 years when you join this lifestyle, you will start the approach in stage 2.

You can’t join this lifestyle approach if you have 5 or less years to your chosen retirement age.

You can find full information about the funds used in this approach at www.aviva.co.uk/pensionfund-info

Global Shares Annuity Lifestyle approach

Objectives

This approach aims to provide growth in the early years, although the value of your pension pot could fluctuate. It is designed to prepare your pension pot for:

  • buying an income for your lifetime (known as an annuity) at your chosen retirement age.

Please note: At your chosen retirement age you will have a number of retirement options, (even if you remain invested in this lifestyle approach), however this lifestyle investment approach has been designed to prepare for the particular retirement options shown above.

This approach is not designed to prepare for:

  • taking some of the money as and when you need it, either as cash sums or as flexible income (known as income drawdown)
  • withdrawing all the money in your pension pot or
  • leaving your money where it is and making your choices later.

How it works

This investment approach goes through up to three stages, depending on how long you have left before your chosen retirement age when you start using it. To find out whether this option is available under your plan please visit www.aviva.co.uk/retirement/fund-centre/other-investment-options.html or check your policy documents.

If you have more than 10 years before your chosen retirement age:

Stage 1: at the start

In the early years (up to 10 years before your chosen retirement age), the approach invests in two medium-high risk funds (70% in the Aviva UK Equity fund and 30% in the Aviva Global Equity fund). We do this to give you the potential for growth.

Stage 2: ten years before your chosen retirement age

10 years from your chosen retirement age, we’ll invest any new payments into a medium risk fund (the Aviva Mixed Investment (40-85% Shares) fund) and this will continue for the next five years. During this time, we’ll also gradually move your existing investment across month-by-month. We do this to help lower the risk to your pension pot.

Stage 3: five years before your chosen retirement age

At 5 years from your chosen retirement age, we’ll place:

  • 75% of your new payments into a medium to high risk fund, the Aviva Long Gilt fund, which aims to help protect the level of income you could get when you reach your chosen retirement age; and
  • 25% of your new payments into the low risk Aviva Deposit fund, which aims to help protect the part of your pension pot that can be taken tax free.

We’ll also gradually move your existing investment across into these two funds.

Please remember, the value of your pension pot can go down as well as up, and is not guaranteed. This means you might get back less than the amount paid in.

The diagram below shows how your payments are invested over the three stages.

We’ll write to you before we start moving your money – and you can change your investment choice at any time.

For more information visit our online investment centre at www.aviva.co.uk/retirement/fund-centre/other-investment-options.html

How the approach works

Stage 1
At the start (but only if you have more than 10 years before your chosen retirement age)
Stage 2
Ten years before your chosen retirement age
Stage 3
Five years before your chosen retirement age (if you have been using this approach prior to this time)
70% of new payments All new payments 75% of new payments
Aviva UK Equity fund Aviva Mixed Investment (40-85% Shares) fund Aviva Long Gilt fund
30% of new payments The rest of your pension pot 25% of new payments
Aviva Global Equity fund Moved monthly into this fund Aviva Deposit fund
The rest of your pension pot
Moved monthly at the same percentages into each fund

Please note: If you have less than 10 years to your chosen retirement age, but more than 5 years when you join this lifestyle, you will start the approach in stage 2.

You can’t join this lifestyle approach if you have 5 or less years to your chosen retirement age.

You can find full information about the funds used in this approach at www.aviva.co.uk/pensionfund-info

Global Shares Drawdown Lifestyle approach

Objectives

This approach aims to provide growth in the early years, although the value of your pension pot could fluctuate. It is designed to prepare your pension pot for flexible access at your chosen retirement age:

  • taking some of the money as and when you need it, either as cash sums or as flexible income (known as income drawdown) or
  • leaving your money where it is and making your choices later.

Please note: At your chosen retirement age you will have a number of retirement options, (even if you remain invested in this lifestyle approach), however this lifestyle investment approach has been designed to prepare for the particular retirement options shown above.

This approach is not designed to prepare for:

  • withdrawing all the money in your pension pot
  • buying an income for your lifetime (known as an annuity) at your chosen retirement age.

How it works

This investment approach goes through up to three stages, depending on how long you have left before your chosen retirement age when you start using it. To find out whether this option is available under your plan please visit www.aviva.co.uk/retirement/fund-centre/other-investment-options.html or check your policy documents.

If you have more than 10 years before your chosen retirement age:

Stage 1: at the start

In the early years (up to 10 years before your chosen retirement age), the approach invests in two medium-high risk funds (70% in the Aviva UK Equity fund and 30% in the Aviva Global Equity fund). We do this to give you the potential for growth.

Stage 2: ten years before your chosen retirement age

10 years from your chosen retirement age, we’ll invest any new payments into a medium risk fund (the Aviva Mixed Investment (40-85% Shares) fund) and this will continue for the next five years. During this time, we’ll also gradually move your existing investment across month-by-month. We do this to help lower the risk to your pension pot.

Stage 3: five years before your chosen retirement age

At 5 years from your chosen retirement age, we’ll place:

  • 75% of your new payments into a low to medium risk fund,the Aviva Diversified Assets Fund I, which aims to help minimise fluctuations in the value of your pension pot; and
  • 25% of your new payments into the low risk Aviva Deposit fund, which aims to help protect the part of your pension pot that can be taken tax free.

We’ll also gradually move your existing investment across into these two funds.

Please remember, the value of your pension pot can go down as well as up, and is not guaranteed. This means you might get back less than the amount paid in.

The diagram below shows how your payments are invested over the three stages.

We’ll write to you before we start moving your money – and you can change your investment choice at any time.

For more information visit our online investment centre at www.aviva.co.uk/retirement/fund-centre/other-investment-options.html

How the approach works

Stage 1
At the start (but only if you have more than 10 years before your chosen retirement age)
Stage 2
Ten years before your chosen retirement age
Stage 3
Five years before your chosen retirement age (if you have been using this approach prior to this time)
70% of all payments All new payments 75% of new payments
Aviva UK Equity fund Aviva Mixed Investment (40-85% Shares) fund Aviva Diversified Assets Fund I
30% of all payments The rest of your pension pot 25% of new payments
Aviva Global Equity fund Moved monthly into this fund Aviva Deposit fund
The rest of your pension pot
Moved monthly at the same percentages into each fund

Please note: If you have less than 10 years to your chosen retirement age, but more than 5 years when you join this lifestyle, you will start the approach in stage 2.

You can’t join this lifestyle approach if you have 5 or less years to your chosen retirement age.

You can find full information about the funds used in this approach at www.aviva.co.uk/pensionfund-info

Stakeholder Mixed Investments Annuity Lifestyle approach (This approach is only available to Aviva stakeholder pension planholders where no investment choice has been made. You can’t choose this investment approach.)

Objectives

This approach aims to provide growth in the early years, although the value of your pension pot could fluctuate. It is designed to prepare your pension pot for:

  • buying an income for your lifetime (known as an annuity) at your chosen retirement age.

Please note: At your chosen retirement age you will have a number of retirement options, (even if you remain invested in this lifestyle approach), however this lifestyle investment approach has been designed to prepare for the particular retirement options shown above.

This approach is not designed to prepare for:

  • taking some of the money as and when you need it, either as cash sums or as flexible income (known as income drawdown)
  • withdrawing all the money in your pension pot or
  • leaving your money where it is and making your choices later.

How it works

This investment approach goes through up to two stages, depending on how long you have left before your chosen retirement age when you start using it.

If you have more than 5 years before your chosen retirement age:

Stage 1: at the start

This approach invests all your payments in a medium risk fund (the Aviva Mixed Investment (40-85% Shares) fund), which aims to provide growth.

Stage 2: five years before your chosen retirement age

We’ll continue to invest all your new payments into the:

  • Aviva Mixed Investment (40-85% Shares) fund
    We’ll also gradually move your new and existing investment across, month by month, into the:
  • Aviva Long Gilt fund – a medium to high risk fund which aims to help protect the level of income you could get when you reach your chosen retirement age.
  • Aviva Deposit Fund – a low risk fund which aims to help protect the portion of your pension pot that can be taken tax free

Please note:

If there’s less than five years until your chosen retirement age when you start your plan, all your new payments will be invested 75% into the Aviva Long Gilt fund and 25% into the Aviva Deposit fund. They won’t be invested in the Aviva Mixed Investment (40-85% Shares) fund.

Please remember, the value of your pension pot can go down as well as up, and is not guaranteed. This means you might get back less than the amount paid in.

The diagram below shows how your payments are invested over the two stages.

We’ll write to you before we start moving your money – and you can change your investment choice at any time.

For more information visit our online investment centre at www.aviva.co.uk/retirement/fund-centre/other-investment-options.html

How the approach works

Stage 1
At the start (but only if you have more than 5 years before your chosen retirement age)
Stage 2
Five years before your chosen retirement age (if you have been using this approach prior to this time)
All payments All new payments*
Invested in the Aviva Mixed Investment(40-85% Shares) fund. Initially invested in the Aviva Mixed Investment (40-85% Shares) fund. Then moved monthly into the Aviva Long Gilt fund and Aviva Deposit fund.
The rest of your pension pot
Moved monthly into the Aviva Long Gilt fund and Aviva Deposit fund.

* If there’s less than five years until your chosen retirement age when you start your plan:
- New payments will be invested 75% into the Aviva Long Gilt fund and 25% into the Aviva Deposit fund.
- They won’t be invested in the Aviva Mixed Investment (40-85% Shares) fund.

You can find full information about the funds used in this approach at www.aviva.co.uk/pensionfund-info

Want to change your investment choice?

Changing your investment choice is easy. There are two ways you can do it:

Online: register or log in to Pension Tracker

By phone: call our group pension helpdesk on 0800 145 5744 (Monday to Friday, 9am to 5pm).

WC03111 10/2016