Our investment funds

We package groups of investments into what are known as funds. Each fund gives you a choice for how you may want to invest.

Choose how your money is invested

You can decide for yourself where your pension savings are invested by choosing from our investment funds.

We classify our investment funds by risk – so that you can see which of them have the potential for higher increases, and which of them may remain more stable. You can specify what percentage you want to put in each fund (except the Shariah Fund, which has to be all in).

This fund invests 100% in Global Shares. It will not invest in companies who are non-compliant with the UN Global Compact (UNGC) and who are involved in the production of cluster munitions.

Most of the sub-fund’s assets will be invested in the B Share Class (ISIN: LU1159235529) of the State Street World SRI Index Equity Fund (the ‘SRI Fund’), a sub-fund of State Street Global Advisors Luxembourg SICAV. The aim of the SRI Fund is to track the performance of the MSCI World Index as closely as possible whilst only selecting ‘socially responsible investments’.

Shariah Fund

 

Composite sub-fund Target weights
State Street World SRI Index Equity Fund 100%

Find out more including fund performance, pricing and market commentary in our:

Ethical Fund Factsheet .pdf

This fund is invested in 100% global equities – it invests all of its assets in the HSBC Amanah Global Equity Index.

The B&CE Shariah Fund aims to offer investors the opportunity to grow their money in line with the performance of the Dow Jones Islamic Titans 100 Index (Total Return). This is a higher-risk fund investing in company shares from around the world and is compliant with Islamic Shariah principles. It invests all of its assets in the HSBC Amanah Global Equity Index.

If you select the Shariah Fund, you’ll need to invest all your pension savings with us in this fund.

Shariah Fund

 

Composite sub-fund Target weights
HSBC Amanah Global Equity Index Fund (Class YCGBP) 100%

Find out more including fund performance, pricing and market commentary in our:

Shariah Fund Factsheet .pdf

This fund provides diversified exposure to UK and overseas equity markets, investing 25% in the UK stock market and 75% in overseas stock markets. There’s potential to maximise growth over the long term.

Global Investments (up to 100% shares)

 

Composite sub-funds Target weights Range
UK Equity Index Sub-Fund 25% +/-2.5%
North America Equity Index Sub-Fund 25% +/-2.5%
Europe ex UK Equity Index Sub-Fund 25% +/-2.5%
Japan Equity Index Sub-Fund 12.5% +/-2.5%
Asia Pacific ex Japan Equity Index Sub-Fund 12.5% +/-2.5%

Find out more including fund performance, pricing and market commentary in our:

Global Investments (up to 100% shares) Fund Factsheet .pdf

This fund combines the long-term growth potential of UK and Global Equity with the relative security provided by Gilts and Corporate Bonds. There’s potential for long-term growth with some security.

Global Investments (up to 85% shares)

 

Composite sub-funds Target weights Range
UK Equity Index Sub-Fund 20% +/-2.5%
North America Equity Index Sub-Fund 20% +/-2.5%
Europe ex UK Equity Index Sub-Fund 20% +/-2.5%
Japan Equity Index Sub-Fund 10% +/-2.5%
Asia Pacific ex Japan Equity Index Sub-Fund 10% +/-2.5%
Sterling Corporate Bond All Stocks Index Sub-Fund 10% +/-2.5%
UK Conventional Gilts All Stocks Index Sub-Fund 10% +/-2.5%

Find out more including fund performance, pricing and market commentary in our:

Global Investments (up to 85% shares) Fund Factsheet .pdf

This fund invests in a combination of shares and bonds. There’s potential for moderate growth over the long term.

Global Investments (up to 60% shares)

 

Composite sub-funds Target weights Range
UK Equity Index Sub-Fund 15% +/-2.5%
North America Equity Index Sub-Fund 15% +/-2.5%
Europe ex UK Equity Index Sub-Fund 15% +/-2.5%
Japan Equity Index Sub-Fund 7.5% +/-2.5%
Asia Pacific ex Japan Equity Index Sub-Fund 7.5% +/-2.5%
Sterling Corporate Bond All Stocks Index Sub-Fund 20% +/-2.5%
UK Conventional Gilts All Stocks Index Sub-Fund 20% +/-2.5%

Find out more including fund performance, pricing and market commentary in our:

Global Investments (up to 60% shares) Fund Factsheet .pdf

This fund is suitable for those approaching retirement and looking to buy an annuity (a regular income, usually for life). It aims to protect against the effect of falls in the level of annuity rates.

Annuity Fund

 

Composite sub-funds Target weights Range
Sterling Non-Gilts Bond Over 15 Years Index Sub-Fund 70.0% +/-2.5%
UK Conventional Gilts Over 15 Years Index Sub-Fund 15.0% +/-2.5%
UK Conventional Gilt Dec 2055 Index Sub-Fund 10.0% +/-2.5%
UK Conventional Gilt Jan 2060 Index Sub-Fund 5.0% +/-2.5%

 
Annuity Fund Factsheet .pdf

This fund is suitable for those approaching retirement who don’t yet know how they will use their pension savings. It provides a balance between capital growth and capital preservation.
Pre-Retirement Fund (available from 5 Sept 2016)

 

Composite sub-funds Target weights Range
UK Equity Index Sub-Fund 5% +/-2.5%
North America Equity Index Sub-Fund 5% +/-2.5%
Europe ex UK Equity Index Sub-Fund 5% +/-2.5%
Japan Equity Index Sub-Fund 2.5% +/-2.5%
Asia Pacific ex Japan Equity Index Sub-Fund 2.5% +/-2.5%
UK Conventional Gilts All Stocks Index Sub-Fund 30% +/-2.5%
Sterling Corporate Bond All Stocks Index Sub‑Fund 30% +/-2.5%
SSgA GBP Liquidity Fund 20% +/-2.5%

Find out more including fund performance, pricing and market commentary in our:

Pre-Retirement Fund Factsheet .pdf

This fund invests in short-term money market investments and fixed deposits and is used to maintain the value of your pension savings.

Cash Fund

 

Composite sub-fund Target weight
SSgA GBP Liquidity Fund 100%

Find out more including fund performance, pricing and market commentary in our:

Cash Fund Factsheet .pdf

More reading…

Our fund factsheets set out the aims and objectives of our funds in more detail.

View all fund factsheets »

View our fund unit prices »

Read our Statement of Investment Principles »

If you’re ready to make choices…

Just go to your Online Account and self-select your funds.

If you choose your funds yourself, your money won’t automatically move into lower-risk investments as you approach retirement. That means you’ll need to make sure you regularly review the funds you’ve selected (and your attitude to investment risk) as you near retirement.

Alternatively, you could pick from one of our 3 investment profiles. But first, find out more about our investment profiles and what happens to your money as you approach retirement – our investment profiles »

Need to know

The money you save is invested in funds that are typically a mixture of shares from around the world and bonds and gilts. The exact make-up of your investment depends on fund (or investment profile) you are in and may depend on your age.

The value of investment funds will move up and down depending on how well they’re performing. Different types of investments move up and down in value in different ways. Some move sharply and can be unpredictable, others move less abruptly and remain relatively stable. This movement is called volatility and some investments are more volatile than others.

Past performance of investments doesn’t guarantee or act as a guide to future performance.

Next: Our investment profiles

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