The Scheme offers you a choice of where the contributions to your individual retirement account should be invested whilst you are working.
Ideally, you would want to beat inflation and most of the available investment funds aim to do this. If you simply put your retirement savings into a bank account, this would reduce the value of your eventual pension.
For example, if inflation was running at 3% a year and you only received 2% in annual interest, effectively you’d be losing money.
What are my options?
Based on independent investment advice, the Trustees of the Scheme have decided to offer members a number of investment funds to choose from. These fall into 5 categories. Click to find out more about each:
