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Choosing investment funds

Making no choice

You can choose NOT to select investment funds for your pension fund.

What if I don’t want to choose investment funds?

As a member of a defined contribution workplace pension scheme or a stakeholder pension scheme, you are offered a range of investment funds for investing your contributions. The range of funds can allow you to build up a collection of funds for investing contributions in your pension pot. But choosing funds can be a daunting experience.

If you don’t want to choose funds yourself, you can decide to invest in the scheme’s default fund. This is a fund that has been chosen to meet the investment needs of most of the scheme’s members. If you make no investment choices, contributions to your scheme will be automatically invested in the default fund. You can normally change your mind later and switch to a different fund or funds or redirect future contributions.

If you like the idea of investing in different funds, but aren't comfortable choosing them yourself, you may want to consider taking financial advice – but please remember, a financial adviser is likely to charge you for their services.

If you’re a member of a defined benefit workplace pension scheme, the scheme’s Board of Trustees are responsible for making investment decisions, so you won’t need to choose funds.

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.

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