How your employees can invest

With our workplace pension, employees have access to our carefully designed default fund or a wide range of investment funds. With this much choice, your employees can focus their funds as they choose and manage everything easily in MyAviva.

My Future Focus

Your employees will be enrolled into our default approach - My Future Focus - which has been built to meet the needs of the majority of employees

Wide range of investment funds

With a choice of externally managed funds, employees have the freedom to invest in a way that suits them

Ethical and Sharia funds

We have a range of ethical funds available, as well as an externally managed Sharia fund, which only invests in companies that meet Islamic investment principles

Our default investment option complies with all auto enrolment requirements. Please remember the value of a pension can go down as well as up, so members could get back less than has been paid in.

My Future Focus, our default investment option

My Future Focus is our default option. It aims to combine the best of both worlds - Aviva's place as a leading provider of workplace pensions and Aviva Investors' experience as an asset manager. 

My Future Focus has been designed to provide employers with an appropriate balance between risk and return, including the ability to respond dynamically to changing market conditions, while integrating environmental, social and governance (ESG) considerations throughout. In this way we hope to provide peace of mind for our customers throughout the retirement journey, growing capital in the earlier stages of the retirement journey and preserving capital as your employees near retirement. We recognise that the balance between return and risk needs to change as employees progress through their journey to retirement. Please see below for more detail about My Future Focus and how it works.

My Future Focus has been designed to let employees draw an income from their retirement savings, take a cash lump sum or prepare their savings for the purchase of an annuity. Alternatively, investors can keep their options open and choose how to take their pension savings as they get closer to retirement.

Take a look at our retirement section for more information on what your employees can do with their pension.

How My Future Focus works

Preparing for retirement

Up to 15 years before your employees' chosen retirement age, investment is in the My Future Focus Long Term Growth Fund, which aims to provide growth in the size of their pension savings.

Download My Future Focus Long Term Growth fund factsheet (PDF 807 KB)

Approaching retirement

From 15 years before your employees' chosen retirement age, their money is gradually moved into the My Future Focus Growth Fund, before moving into the My Future Focus Consolidation Fund in the 10 years leading up to retirement. This aims to help reduce fluctuations in the value of their pension pot.

Download My Future Focus Growth fund factsheet (PDF 903 KB)

Download My Future Focus Consolidation fund factsheet (PDF 805 KB)

A wide range of investment funds covering the key asset classes available alongside our default option

For those employees who want the option of investing their money outside the default option, we offer and oversee a wide range of externally managed governed funds that your employees can choose from.

These include:

  • Actively managed and passive funds
  • Ethical and Sharia options 
  • Funds from approximately 30 fund management houses, including leading fund groups, such as Abrdn, Invesco, Jupiter and Schroders. We also offer funds managed by our dedicated fund management group Aviva Investors.

Your employees can research, manage and change their investment choices online using MyAviva. There are no charges for switching funds, and they can make as many changes as they like.

Find the details of all of the available funds in our Fund Centre.

Fund choices for everyone

Our fund range also includes ethical funds and a Sharia fund. As with other funds, the value of investments can go down as well as up and members may get back less than has been paid in.

Ethical and responsible investment funds

Our range includes ethical and responsible investment funds, offered to those who want to invest their money in line with their beliefs and principles. This includes areas such as the environment and fair trade, in the case of ethical funds. These funds might be suitable for people who want to make sure that their money isn't used to support businesses that aren't aligned with their views on the environment, for example.

With a number of ethical funds to choose from, your employees can choose to invest their money in line with their values.

Stewardship Funds

Designed to incorporate environmental social and governance (ESG) considerations, the Stewardship Funds give your employees the opportunity to secure a future for themselves and their families while actively contributing to a sustainable long-term future for the world around them. Launched in 1984, the Stewardship UK Equity Fund was the first ethical fund of its kind in the UK. 

Responsible investment

Environmental, social and governance (ESG) issues count more than ever before when it comes to offering your employees the type of investments they want from their workplace pension.

Your employees can make a difference with their pension. The fund managers who manage our default funds engage with businesses to make positive change happen. This can lead other people and businesses to do the right thing too.

Find out more about our approach to responsible investing.

Research and select funds on MyAviva

MyAviva is an online management system that gives your employees convenience, choice and control. Once you're with us it’s easy for employees to view their account and check how their investments are performing, arrange changes to their investments at any time, and research and make new investments.

Case study

Jane is 44 and has £35,000 in her pension pot. After hearing about our ethical funds, she decided to find out more, despite not being entirely confident in how to invest. Using the MyAviva app on her tablet she could compare different funds using our charts and factsheets. She decided to invest in a green fund which didn’t support any companies responsible for environmental pollution, and used the app to transfer her money for free. This is a fictional example.

Fund governance

Our in-house fund governance team looks after this so you don't have to.

We’ll also:

  • Ensure the investment approach is suitable for the majority of automatically enrolled employees and that it meets or exceeds regulatory requirements
  • Review the approach at least every three years to make sure that it's still suitable for our customers
  • Review the performance of underlying funds to check whether they're performing in line with their sector and/or benchmark
  • Replace any funds that are not performing in line with expectations
  • Provide members of your scheme with information about the default investment approach and how it works

Our in-house governance team regularly monitors all of the funds we offer our customers, both internal and external funds, to ensure that they continue to perform in line with expectations and meet the needs of our customers.

If we believe a fund isn't doing this we take action, which can mean removing it from our range.

Our workplace pension is also overseen by an independent governance committee (IGC) to make sure it offers value for money for all scheme members.

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Knowledge Centre

Workplace pensions can seem complicated. Find our more about Aviva's workplace pensions in our knowledge centre.

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