A workplace default option with governance as standard

It's important you have a strong default option set up on your workplace scheme which takes account of the needs of your employees.

A robust default option can help set your employees on the right path to retirement, without them having to make investment decisions.

Our default investment option

Our standard default investment option is the Balanced Lifestyle Strategy (Drawdown) which is invested in three of our risk-targeted Governed Portfolios.

It offers you and your employees:

Solutions designed by our investment experts

A selection of lifestyle options

Governance you can count on

Employee communications

Affordable solutions

Strong governance - at no extra cost

Our default investment option benefits from regular reviews by both our Investment Advisory Committee and Independent Governance Committee. So you can feel confident you and your employees' money is being looked after by experts.

Our Investment Advisory Committee (IAC) look after our flagship Governed Range and review this on an ongoing basis to make sure each portfolio continues to meet its objectives.

The committee:

  • Provide hands on expertise
  • Carry out regular reviews
  • Provide hands on supervision
  • Fine-tune them, to make sure they stick to their objectives

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Our Independent Governance Committee (IGC) frequently review our workplace pension arrangements to ensure it's providing value for money for our customers.

To assess this, our IGC committee review:

  • Plan charges
  • Transaction costs
  • Investment strategy
  • Quality of service
  • Scheme member communications
  • Environmental, Social and Governance

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Governed Retirement Income Portfolios (GRIPs)

At retirement, your employees will move into a Governed Retirement Income Portfolio, unless they tell us otherwise. These are designed for those looking to take a regular income in retirement through our income drawdown option, Income Release.

Find out more

To find out more about our full range of investment options, visit the investment section and speak to your adviser.