Investment funds

Investment funds may be suitable if you want to help actively manage your investments.

Look at the factsheets below to find out more about how these funds work - you don't have to make any decisions at this stage.

Fund factsheets

• Corporate Bond Fund - This fund predominantly invests in bonds issued by global companies rather than the UK government.
• Deposit Fund - This fund invests in money-market funds and UK government treasury bills.
• Global Equity Fund - This fund invests in shares (equities) in companies from around the world.
• Long-Term Growth Fund - This fund invests in a wide range of investment types from around the world.
• Socially Responsible Equity Fund - This fund invests in shares (equities) in companies from around the world with very strong environmental, social and governance ratings, and minimal controversies. It avoids industries like tobacco, weapons, alcohol and adult entertainment.
• UK Government Fixed-Interest Bond Fund - This fund invests in UK government bonds which provide a fixed rate of interest.
• UK Government Index-Linked Bond Fund - This fund invests in UK government bonds which provide a rate of interest linked to inflation.

You can also choose to invest in one or more of the Lifestyle strategies if you want. See the factsheets below for details.

Lifestyle Strategies

• Target Annuity Lifestyle - As you approach your TRA, your money is moved into funds which aim to maintain enough growth to protect the value of the annuity income you may wish to buy with your pension savings.
• Target Flexible Drawdown Lifestyle - A greater proportion of your money is left invested in higher-risk funds when you reach your TRA. This means the money that you keep invested has the chance to keep growing and potentially last you longer in retirement.
• Target Lump Sum Lifestyle - Most of your money is moved into funds with the aim of maintaining the value of your pension pot so it keeps pace with inflation.

If you want to go ahead and choose your funds, log into your myFund account now. 

Things to consider before you choose where to invest

• Investments value may go down as well as up, and past performance shouldn't be used as a benchmark for future returns. Here are the risk ratings at a glance.
• One of the best and easiest ways to manage your pension arrangements and your investments is to log in to your myFund account. You can then check and change your fund choices at any time by going to the ‘My pension’ section and the ‘My AVCs’ page. 
• You  may wish to speak to an independent adviser before making important financial decisions. The Fund's administrator, Railpen, has appointed Liverpool Victoria (LV) to provide advice to all Fund members. You can contact LV on 0800 023 4187.