Call: 0300 123 1047

Call: 0300 123 1047

Webchat
Ask Us

Choosing investment funds

Lifestyling

Lifestyling is an investment option that you may be offered. It is designed to lock in investment growth as you near your retirement age.

Protecting investment growth

Lifestyling is designed to ‘lock in’ accumulated investment growth in your retirement pot as you get closer to your retirement date.

While some providers offer specific ‘lifestyle’ funds, others will have a lifestyle option that uses their mainstream funds to achieve the same process.

Lifestyling involves investing in riskier assets when you have a long period before drawing your retirement benefits. As you get closer to your retirement date, typically 5 to 10 years before, switching from these riskier assets into less risky ones, such as cash or fixed interest, that aren’t as likely to be affected if the investment markets were to fall sharply, helps to keep the investment growth, during the period up to your retirement.  

Lifestyling may be suitable for you if you’re intending to purchase an annuity when you retire, to provide you with an income for the rest of your life. It’s unlikely to be suitable if you intend to keep your retirement pot invested and to use income drawdown to provide you with an income in retirement. This is because moving your pension fund to lower risk assets is likely to reduce the investment returns that you will receive.

If you decide to retire earlier or later than you originally stated and lifestyling is an option you wish to use, you should tell your pension provider. This means that they can make changes to the lifestyling schedule so that you don’t miss out.

Frequently asked...

Where can I find out more?

If you need more information, please contact us. A pension specialist from our team will be happy to help with whatever pensions-related question you have. Our help is always free.

×
Your details Hi there, start a chat with online support now
These sessions are recorded for training and quality monitoring purposes. You will also have the opportunity to download a transcript of the the conversation for your records upon connection

Please do not refresh your browser during this chat session. This will cause your session to end.
    Click here to download the chat transcript
    Live Chat
    Webchat is not working properly. Sorry for the inconvenience.