You can decide how to invest the contributions paid to your account from the four options the Scheme provides:

• Option 1 – Drawdown Lifestyle Strategy (the default option). This strategy assumed that when you access your pension you will leave your pot invested, and access lump sums as and when you decide. Your pension account will be allocated for you.
• Option 2 – Annuity Lifestyle Strategy: this alternative lifestyle strategy may be suitable if you’re considering buying an annuity (guaranteed income) in retirement. Your pension account will be allocated for you.
• Option 3 – Cash Lifestyle Strategy: this alternative lifestyle strategy may be suitable if you’re considering taking you total account as a single cash lump sum at retirement. Your pension account will be allocated for you.
• Option 4 – Self Select: you can choose your own portfolio of funds available in the Defined Contribution Scheme (visit PlanViewer for information on available funds).

As the investment options can change from time to time, more information on the funds you can choose from, and the Lifestyle options available, can be found online from Fidelity PlanViewer.

If you don’t make a decision on how the contributions paid to your account are invested, the contributions will be automatically invested in the Scheme’s default option – the Drawdown Lifestyle.

You can also change how your account is invested online via the Fidelity PlanViewer. Please remember that the value of your account can go down as well as up.

Need some advice?

If you’d like some advice about your own situation you should consider speaking to a financial adviser. To find a financial adviser in your area visit www.moneyhelper.org.uk/en/getting-help-and-advice/financial-advisers/choosing-a-financial-adviser