Why choose our Universal Retirement Fund?
Simplicity and flexibility 
Risk-reduction strategy 
Professional management 
How Aviva’s Universal Retirement Fund is managed over time
The Universal Retirement Fund is designed to evolve with you.
As you move closer to your chosen retirement date, the fund gradually adjusts its investment mix – shifting from growth-focused assets to more stable, lower-risk options.
This transition happens automatically, with professional fund managers overseeing the process to help keep your retirement savings on track.
Early investment stage – focused on growth
In the early stages, the Universal Retirement Fund focuses on higher-risk assets like equities to help maximise long-term returns.
This approach is better suited to younger investors who have more time until retirement and can benefit from the potential for growth.
Midway to retirement stage – balancing risk and reward
As retirement gets closer, the fund gradually shifts to a balanced mix of equities and bonds.
This stage aims to deliver steady growth while starting to increase protection for your capital, helping to manage risk as your retirement date approaches.
Approaching retirement stage – reducing risk
As you near retirement, the fund gradually moves into lower-risk assets such as such as bonds, cash and money market instruments.
This shift is designed to help preserve your savings and reduce market volatility, offering greater stability when you need it most.
Managed throughout your journey with us
The Universal Retirement Fund is professionally managed at every stage, so you don’t need to make ongoing investment decisions.
The strategy automatically adjusts based on your selected retirement date, helping to keep your savings aligned with your goals over time.
How to start investing with our Universal Retirement Fund
Invest with a SIPP
Invest with a SIPP Get your retirement journey on track with a SIPP, where you can select the Universal Retirement Fund as an investment choice.
Transfer a pension
Already have a pension elsewhere? Transfer it to Aviva and choose to invest in the Universal Retirement Fund with ease.
What to expect after you invest?
Track performance easily
You can monitor how your Universal Retirement Fund is performing through Aviva’s platform or app.
Professionally managed
The fund is regularly reviewed and adjusted by our expert managers to support long-term growth and stability.
Automatic risk adjustment
The fund’s investment strategy evolves over time, gradually reducing risk as your retirement date approaches.
Remember market movements
As with any investment, the value of funds can go down as well as up so you could get back less than you invest.
Learn about investing
We have a range of useful guides and calculators that can take the mystery out of investing so you can choose yours with confidence.
Investments
Is Aviva's Universal Retirement Fund right for me?
Our Universal Retirement Fund is managed for you and is designed to be a simple way to help build your pension pot.
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Strategies
Pension portfolios – how to balance risk vs return
Creating a balanced pension portfolio can give you more control over how your money is invested and how it’s performing. Find out more here.
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Benefits
How to choose a SIPP that’s right for you
Learn how to pick a SIPP that fits your needs, manage risks, and understand fees for smarter planning.
Pension calculator
See what your pension could be worth in retirement.
Risk
profiler
Understand your attitude to risk and investing.
Investment preference tool
Find investments that fit your values.
Frequently asked questions
What is the Universal Retirement Fund?
It’s an investment fund managed by Aviva Investors, designed to support long-term pension growth, gradually reducing risk as you approach retirement.
Is this fund option only available for Aviva's SIPP?
Yes, the Universal Retirement Fund is exclusively available through Aviva’s Self-Invested Personal Pension (SIPP).
What are the charges for Universal Retirement Fund?
Charges vary depending on your SIPP and the fund itself. Full details are provided before you invest, including any ongoing fund and platform fees.