The objective of Drawdown Lifestyle is to generate growth over the long term by investing in equities. It is designed to balance risk and return by investing in diversified assets as well.

The Drawdown Lifestyle is designed to reduce volatility on the run up to retirement by gradually introducing investments in bonds and cash when the member is within 7 years of retirement age.

When designing the default option, the Trustees and their Investment Advisers considered the Scheme’s demographic profile and retirement outcome needs, as well as the range of risk tolerance of the Scheme’s members.

When do the Trustees review the default option?

The Trustees formally review the default option every three years.

Is the default option right for you?

It might be right for you, but don’t assume that because the Trustees have selected a default investment option that they recommend it for you or that it’s right for everyone.

We all have different personal circumstances and the Trustees can’t take these into account when selecting a default. Ultimately, you’re responsible for deciding which investment option best suits your circumstances.

More information

Find out more about the Scheme’s default investment option in the Scheme’s guide to the Drawdown Lifestyle option.

The Scheme offers two further Lifestyle options aligned with how you can take your PMF at retirement. Read the guides to the Annuity Lifestyle option and the Cash option to find out more.

Investing your PMF is covered in more depth in the Scheme’s investment guide.

Fund factsheets

You can view factsheets about each of the funds by logging into ePA. You can also request a pooled fund statement from the Scheme’s administrator for further detail.