Change of investments for those on 4 and 5-year glidepaths

If you joined EasyBuild before 1 February 2011, you may be on a 4 or 5-year glidepath instead of the usual 15-year glidepath. This means your pension savings are being moved gradually and automatically into lower-risk investments as you get closer to retirement over a 4 or 5-year period, rather than over 15 years. And if you are on a 4 or 5-year glidepath, the transfer from EasyBuild to The People’s Pension will work slightly differently for you.

Which glidepath are you on?

  • If your EasyBuild policy started before 6 April 2005 – you may be on a 4-year glidepath.
  • If your EasyBuild policy started between 6 April 2005 and 31 January 2011 – you may be on a 5-year glidepath.
  • If your EasyBuild policy started from 1 February 2011 onwards – you may be on the usual 15-year glidepath.

Changes to your investments

Because The People’s Pension doesn’t have these glidepath options (it only has a 15-year glidepath), it’s necessary to move your savings out of your 4 or 5-year glidepath before the transfer.

How we do this will depend on how long you have left until you retire:

  • If you’re less than 3 years from your selected retirement age, your savings will move entirely into the B&CE Cash Fund.
  • If you’re more than 3 years from your selected retirement age, your savings will be moved into the 15-year glidepath.
    This means, as part of the transfer, we’ll reduce the amount you have invested in the B&CE Global Investments (up to 85% shares) Fund, moving it to the B&CE Pre-Retirement Fund. Plus, we’ll move any savings you already have in the B&CE Cash Fund into the B&CE Pre-Retirement Fund as well.

What if you don’t want us to make these changes…

We’ll make these changes to your investments in EasyBuild before the move to The People’s Pension, to help us make the transfer in the most efficient way.

You can choose an investment profile or self-select

If you don’t want us to make these changes to your current EasyBuild investments, you do have the option to instead choose any of our available investment profiles (with a 15-year glidepath) or to choose (self-select) the funds you want your pension savings invested in.

If you do decide to self-select from the available funds, no glidepath will apply. You can find out more about our investment profiles and each of the investment funds by logging onto your Online Account.

Please note that once the transfer to The People’s Pension has taken place, you can always change your investment strategy via your Online Account.

Or, get in touch

If you don’t want us to make the necessary changes and you don’t want to choose an investment profile or self-select your investment funds, you’ll need to let us know within 6 weeks of the date of the letter we sent you. And you’ll also need to tell us what other pension arrangement you want your EasyBuild pension savings transferred to.

Please contact us if you haven’t received a letter about the move, but you do have an EasyBuild account.

What is the 15-year glidepath?

If you’re on a 4 or 5-year glidepath and you’re more than 3 years away from your selected retirement age, your savings will be moved into the 15-year glidepath under The People’s Pension.

The People’s Pension 15-year glidepath gradually moves your money from the B&CE Global Investment (up to 85% shares) Fund to the B&CE Pre-Retirement Fund.

Our Pre-Retirement Fund is a multi-asset fund that we created to be suited to what you’ll want to do with your pension savings at retirement – we based it on our members’ common behaviour patterns under the recent pensions freedoms (which were introduced in 2015).

Learn more about your 15-year countdown to retirement

4-year glidepath: changes to your investments

The following table shows the impact of these changes on your fund allocation if you’re on the 4-year glidepath under EasyBuild.


How it is at the moment:
your fund allocation under EasyBuild
How it will be:
your fund allocation under The People’s Pension
Years to selected
retirement age
B&CE Global Investments
(up to 85% shares)
B&CE Cash Fund B&CE Global Investments
(up to 85% shares)
B&CE Pre-Retirement Fund B&CE Cash Fund
4-5 years 100% 0% 31% 69% 0%
3-4 years 80% 20% 25% 75% 0%
2-3 years 60% 40% 0% 0% 100%
1-2 years 40% 60% 0% 0% 100%
0-1 years 20% 80% 0% 0% 100%
At selected
retirement age
0% 100% 0% 0% 100%

5-year glidepath: changes to your investments

The following table shows the impact of these changes on your fund allocation if you’re on the 5-year glidepath under EasyBuild.


How it is at the moment:
your fund allocation under EasyBuild
How it will be:
your fund allocation under The People’s Pension
Years to selected
retirement age
B&CE Global Investments
(up to 85% shares)
B&CE Cash Fund B&CE Global Investments
(up to 85% shares)
B&CE Pre-Retirement Fund B&CE Cash Fund
5+ years 100% 0% 38% 63% 0%
4-5 years 80% 20% 31% 69% 0%
3-4 years 60% 40% 25% 75% 0%
2-3 years 40% 60% 0% 0% 100%
1-2 years 20% 80% 0% 0% 100%
0-1 years 0% 100% 0% 0% 100%
At selected
retirement age
0% 100% 0% 0% 100%

We’re here for you

Please get in touch if you have any questions about how the move from EasyBuild to The People’s Pension will work for you.

Call: 0330 024 5277 or email support@bandce.co.uk