My Future

Managing risk at each step of the way to help provide peace of mind for our customers during their journey to retirement

Preparing for retirement financially is a necessary step in life – it can however be one of the most challenging things we ever do. Here at Aviva, we believe that everybody deserves to access the best possible retirement and that’s why we designed My Future. This is a multi-asset default investment solution that takes members through the retirement journey, carefully managing their exposure to risk along the way.

The focus of My Future is on growing the size of members' pension savings in the earlier stages of the retirement journey, and  therefore in the so-called engine of the pension, the My Future Growth Fund. For this reason, the My Future Growth Fund predominantly invests in equities - international and UK equities - to provide the potential for capital growth in member savings. The remainder of the My Future Growth Fund  invests in fixed income assets, and therefore in government bonds (both UK and overseas), as well as UK corporate bonds. This is to help safeguard members' savings should equity markets fall. The focus of the My Future solution shifts to capital preservation from 15 years before retirement, when members' savings are gradually moved into the My Future Consolidation fund, which mainly invests in less risky assets and therefore fixed income.

The value of a pension can go down as well as up, so employees could get back less than has been paid in.

My Future 'Universal' strategy

Together the My Future Growth Fund and the My Future Consolidation Fund make up the My Future 'Universal' strategy, which is intended for members who have not yet decided how they want to take their pension savings at retirement.
My Future also allows members to choose to prepare their savings for the purchase of an annuity, draw an income or take a cash lump sum. Please see box below.

Benefits of diversification

Diversification plays a key role across the funds in the My Future solution. This is to ensure members are exposed to the right levels of risk as they progress through their retirement journey.

Risk is managed with 15-year glidepath

The amount of risk that members’ savings are exposed to is gradually reduced as retirement gets closer. Members' savings are gradually moved into the My Future Consolidation Fund 15 years before retirement. The focus from 15 years before retirement, and so in the later stages of the retirement journey, is on preserving members' savings, while still providing the potential for some growth via a small position in equities.

Designed to give members choice

My Future has been designed to give members choice in terms of how they take their retirement savings. For example, they could choose to take their savings as a cash lump sum, draw an income, or prepare their savings for the purchase of an annuity.   Each of these three options uses the My Future Growth Fund in the growth stage of the pension journey.

Strategic asset allocation overseen by global solutions provider BlackRock

BlackRock is one of the world’s leading providers of investment, advisory and risk management solutions. Its purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, BlackRock helps millions of people build savings that serve them throughout their lives, by making investing easier and more affordable. BlackRock has significant expertise in managing multi-asset solutions, and its investment teams incorporate theirknowledge of local markets and collaborate closely to bring together their views on market dynamics and asset classes. This expertise is used to decide the strategic asset allocation of the My Future funds.

Responsible Investment

My Future does not invest in companies involved in munitions. Aviva Investors owns the voting rights to the companies held in the underlying portfolios.

Useful information


For information on BlackRock please visit