The low-involvement option

What is it?

The Trustee and Deutsche Bank have chosen an investment option which they believe is a good choice for most people in the company pension. Unless you decide to move your money into another investment option, this is where it will stay.

This investment option is the Passive Plus IV Universal Strategic Lifestyle Profile (SLP) (PDF, 228KB).

It could be appropriate if:

  • You don’t want to select your own investment options
  • You don’t want to worry about moving your investments around as you approach retirement
  • You want the flexibility to take your money as you want when you retire

How it works

Lifestyling - changing your investments as you get closer to retirement

The Passive Plus IV Universal Strategic Lifestyle Profile (SLP) (PDF, 228KB) is designed for the long haul and has a feature called lifestyling.

When you’re getting closer to retirement, it’s sensible to move your money into funds which are more appropriate at retirement. Lifestyling can do this for you.

In most cases, when you start your pension plan, it invests in the Standard Life Passive Plus IV Pension Fund, which aims to increase the value of your pension savings over time.

When you get closer to retirement, some of your money will gradually and automatically move into lower risk funds designed to give you the flexibility to take your money the way you want when you retire.

Use the links below to view fact sheets for all the investment funds used in the low-involvement option:

Standard Life Passive Plus IV Pension Fund

Standard Life Pre Retirement (Passive Plus Universal) Pension Fund

Standard Life At Retirement (Passive Plus Universal) Pension Fund

Things to be aware of

  • You should make sure any lifestyle profile you choose matches how you plan to take your retirement income. For example if you know you want to buy an annuity or take all of your money as one or more lump sums, one of the Annuity or Lump Sum SLPs may be more appropriate for you. Find out more here
  • As lifestyle profiles make changes to your investments based on your selected retirement date, they may only be suitable if you're planning to start taking your retirement income on this date
  • Before you choose an investment option, make sure you understand its aims and risks
  • As with any investment, the value can go down as well as up, and may be worth less than you paid in
  • The low-involvement option has been selected for the DB (UK) DC Pension Plan by the Trustee and Deutsche Bank. This should not be taken as an indication of the investment potential of the low-involvement option or that it is a suitable investment option for you. It has been selected simply as an option to be used should you fail to pick your own investment option(s). The value of benefits under the low-involvement option or under any other investment option may go down as well as up. Deutsche Bank takes no responsibility for the investment return on the low-involvement option or any other investment option and you are advised to seek independent financial advice as to the most suitable investment option(s) for you.

So what now?

  • If you're happy to keep your money in this option, you don’t need to do anything
  • If you’d like more information about this option, including the funds it invests in and what its objectives are, you can read the Passive Plus IV Universal SLP guide (PDF, 228KB)
  • If you don’t want to stay invested in this option, then take a look at your other investment options
  • Remember, you are in control and you can change your investments at any time you choose.

Important documents

To help you make an informed decision we've provided you with important information that you should read. You should print or save copies of these documents for future reference.

Read this guide for more information about the DB (UK) DC Pension Plan.

Member guide (PDF, 727KB)

This document provides more details about the Standard Life Master Trust.

Member outline (PDF, 264KB)

The appropriate summary document (to your membership class) is to be read along with the Member outline document.

Plan summary – class A members (PDF, 260KB)

The appropriate summary document (to your membership class) is to be read along with the Member outline document.

Plan summary – class B members (PDF, 266KB)

Read this guide for more information on the different ways you can pay into your pension, and the tax benefits and tax charges which can apply.

Information about tax relief, limits and your pension (PDF, 99KB)

Complete this form to nominate lump sum death benefit payments.

Payment of lump sum death benefit (PDF, 87KB)

This form is used to request for the scheme to pay the Annual Allowance Charge.

Annual Allowance Charge form (PDF, 90KB)

Investments explained

Ever wondered why your money is invested? And how investment works? It’s not as complicated as you might think.