Together we can be more FutureWise
This content hub serves as a one-stop shop to help you understand how FutureWise works and how it can help you manage your pension savings up to and through retirement.
What is FutureWise?
FutureWise is our default investment strategy for pension plans. This means it is where your money will be invested if you don’t choose where to invest it yourself. Defaults offer an easy and effective way to save for retirement and are used by members who have decided they want to leave things in the hands of the experts. Defaults are designed to be suitable for as many people as possible and they are constantly monitored and adjusted to market conditions, based on the advice of professionals.
How does it work?
FutureWise is designed to make managing your pension as easy as possible and aims to grow your savings over time, while looking to reduce the impact of any market downturns, however this is not guaranteed. It follows an automated investment approach, which invests your pension pot into a range of funds over your working life. As with all investments, their value can go down as well as up, so you may get back less than you invest. With FutureWise your savings are invested in a fund (a Target Date Fund) that is carefully managed towards a specifically-named date in the future, based on the retirement age that we hold for you.
Watch our videos to learn more about FutureWise and how it can help you achieve your retirement goals.
What does FutureWise offer you?
More growth potential
Target Date Funds invest in a range of investments aiming to achieve a high level of growth, which also means there is a greater chance the value of your pension could fluctuate.
Specific retirement outcomes
The FutureWise Retirement Fund focuses on income drawdown (a retirement option where you leave your money invested in your pension and then take withdrawals from it).
Focus on sustainability
Target Date Funds offer flexibility to build more sustainability into FutureWise, helping reach its goals of halving its carbon footprint by 2030 and reaching net-zero by 2050.
Retirement Income Options
If you’d like to find out more about your income options, take a look at our main website using the links below:
While FutureWise is our default investment strategy for pension plans and while it has been designed to suit the needs of many different members, it is important to review it regularly to ensure it continues to be right for your needs. If you are unsure, you should seek financial advice.
The Government offers a free and impartial guidance service to help you understand your options at retirement. You can find out more by going to pensionwise.gov.uk or by calling Pension Wise on 0800 138 3944.
Want to know more?
Take a look at some of the questions and answers that we’ve prepared for you below.
Important information - The value of investments can go down as well as up, so you may get back less than you invest. If you need advice about how any of this information applies to you personally, you should contact an authorised financial adviser. You cannot normally access your pension savings until age 55. This is due rise to 57 in 2028. The focus on maintaining strong environmental, social and governance (ESG) credentials may affect investment performance favourably or unfavourably in comparison to similar products without such focus.