A workplace default option with governance as standard
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
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
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.