Investment choice
Your pension plan is invested with the intention of making your pot grow over the long term. But remember, like any investment its value can go down as well as up, you could even get back less than was paid in.
Take time to understand your options, so you can make the right choices for you. You can check where you are currently invested on your online account or via the mobile app.
When you join the scheme
As part of your invitation to join the NHS GAVC Pension, and before you can make a first payment into your pension plan, you'll be asked to choose where you want your money to be invested. Read the Fund Guide (PDF 396KB) for information about the different options you can choose from and the potential charges.
You can find a useful risk tool on standardlife.co.uk which may help you decide what options might be right for you.
You should regularly review your choices, especially if your circumstances change. Once you've joined your pension plan, you can log in to your account if you wish to switch investments in the future.
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Choosing your own investments
You can choose from a range of investment options if you want to change from the low-involvement option. The right option for you will depend on various factors, such as your circumstances, experience of investing and attitude to risk.
You can log in to your account to make a fund switch after you've made your first payment into the plan. You’ll find a range of investment guides and a risk tool that could help you decide which option might be right for you. However, there are other factors you should consider, like when you plan to retire and the type of investments you are comfortable with.
Or if you want to get a head start, you can read the Fund Guide (PDF 396KB) for more information about the different funds you can choose from, including with-profits and potential charges. Remember to regularly review your choices, especially if your circumstances change.