We have a number of options available for members investing their DC pension with us. Our default option for Defined Contribution (DC) members who want to delegate their investment decisions to an Investment Manager is a Target Date Fund (TDF). We have two Target Date Funds (TDFs), a default fund and an ethical fund.

Each Target Date Fund option provides a 'glide path' to retirement, aiming for fund growth in the earlier years and moving to more conservative asset allocations in the run up to the 'target date', or planned retirement date. Over the life of the fund, the manager's aim is to outperform inflation so that the fund grows in real terms, and to avoid high levels of risk as the member approaches retirement. 

We also have a range of Self-Select funds for our members who want to be more involved in the allocation of their money. We have eight alternative funds, each carefully selected and monitored. These 'self-select' options include global equity, property, bond and cash funds, in addition to ethical funds. 

The Ethical Target Date Fund is invested using a Target Date Fund. These funds are invested in equity funds which track the FTSE4Good indices, MSCI World SRI indices and UK Government bonds (Gilts).