All investments have an element of risk and their fund value can go down as well as up. The Pre-Retirement Fund is a lower risk option. We use this fund during the glidepath leading to your selected retirement age. We also have a low risk Cash Fund available with our self-select option.
If you choose to self-select your fund, your money will not be moved automatically to historically less volatile investment classes as you approach retirement. This is something you need to consider in order to safeguard your pension pot the closer you are to retirement.