This programme aims to provide growth in the early years. It is designed to prepare a member’s pension pot for flexible access at their chosen retirement age, including:
- income drawdown
- withdrawing all the money in their pension pot
- buying an annuity
- leaving their money where it is and making their choices later.
How it works
This investment approach goes through two stages.
If a member has more than 5 years before their chosen retirement age:
Stage 1: up to 5 years before a member's chosen retirement age
In the early years, the approach invests in theAviva Mixed Investment (40-85% Shares) fund, which aims to provide growth.
Stage 2: 5 years before a member's retirement age
We continue to invest all new payments in the Aviva Mixed Investment (40-85% Shares) fund.
During this time, we also gradually move any existing investment into the Aviva My Future Focus Consolidation fund, month-by-month.
The table below shows how we invest a member's money in more detail.
|At the start (but only if a member has more than 5 years before their chosen retirement age)
||5 years before a member’s chosen retirement age (if they have been using this approach prior to this time)
||All new payments
|Aviva Mixed Investment (40-85% Shares) fund
||Aviva Mixed Investment (40-85% Shares) fund
||The rest of your pension pot
||Moved monthly into the Aviva My Future Focus Consolidation fund
If a member has less than 5 years until their chosen retirement age when they start their plan, all new payments will be invested in the Aviva My Future Focus Consolidation fund. They won’t be invested in the Aviva Mixed Investment (40-85% Shares) fund.
For members who will be invested in this solution going forward, we have yet to finalise our communication strategy. Details of this and example customer letters will be added to this site in the week commencing Monday 5 August. In the meantime, please feel free to visit the dedicated customer microsite, which is already up and running.