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

If you’re on a 4 or 5-year glidepath with EasyBuild, then you still have the 3 options to consider, but 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’ll be on the usual 15-year glidepath.

Changes to your investments with The People’s Pension

The People’s Pension has a 15-year glidepath. This glidepath initially invests in the Global Investments (up to 85% shares) Fund, before gradually switching your money into the Pre-Retirement Fund in the 15 years before your selected retirement age.

However, as you’re currently in one of the following glidepaths, your pension savings are gradually moved into the B&CE Cash Fund:

  • The 4-year glidepath – if your EasyBuild policy started before 6 April 2005
  • The 5-year glidepath – if your EasyBuild policy started between 6 April 2005 and 31 January 2011.

The People’s Pension doesn’t have a 4 or 5-year glidepath, so if your pension savings with EasyBuild were moved to The People’s Pension, one of the following changes would be made – and how we do this would depend on how long you have left until you retire:

  • if you’re 3 or more years from your selected retirement age, your pension savings would be moved onto the 15-year glidepath. This means 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. We’d also move any savings you already have in the B&CE Cash Fund into the B&CE Pre-Retirement Fund.
  • if you’re less than 3 years from your selected retirement age, your pension savings would be moved and held in cash within the B&CE Cash Fund.

Already have an account with The People’s Pension?
Then instead of the above, your investments and selected retirement age with EasyBuild will move in line with the ones you already have with The People’s Pension.

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

You may want to move your pension savings to The People’s Pension but you don’t want us to make these changes to your current EasyBuild investments.

Once your EasyBuild pension savings have been transferred to The People’s Pension, you’ll be able to choose from any of the available investment profiles or self-select the funds you would like your pension savings invested in. However, please note that if you self-select, no glidepath at all will apply. You can make these changes in your Online Account after the transfer.

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 ‘balanced’ investment profile has a 15-year glidepath which 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 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: 0333 230 1369 or email info@bandce.co.uk