The 2014 Budget introduced some significant changes to how individuals can take their savings at retirement.
As a result of these changes, the Trustee has been busy conducting a review of the Plan overall, including reviewing the current investment options available to you as part of the Plan. It has subsequently been decided to make certain alterations, which will come into place on 1 April 2015.
If you are currently paying into the Plan you will have recently received an announcement which covers these changes in more detail. If you have left the Plan then you will not be automatically moved into the new Lifestyle Option.
If you have left the Plan and would like to be moved into the new Lifestyle Option you should contact the Plan Administrator who will arrange this for you, although you may wish to read the recent announcement for more information before taking any action.
However, if you are currently considering switching funds you should note that in order to allow us to make the necessary changes to our investment portfolio you will not be able to switch between funds throughout March 2015.
For more information, please read the recent announcement or the member guide. If you would like to find out more about specific Funds you can do so by visiting the Funds Factsheet page of this site.