Joining the pension
- Will you be automatically enrolled?
- Why a pension is a good idea
Get the most from your pension
- Use the tools
- Boost your pension
- Understanding investments
- Approaching retirement
- Payment options
- Investment choices
- Common questions
Your investment options
When you join the Howdens Retirement Savings Plan your money is automatically invested in the low-involvement option. Howdens and their adviser have chosen this as it's considered an appropriate option for many people's pension plan investments.
Unless you decide to move your money into another investment this is where it will stay invested. You should review this option and check it's suitable for your needs.
It could be appropriate if:
- You want a low level of involvement in the selection of your investment options
- You don't want to worry about moving your investments around as you approach retirement
To find out more about the low-involvement option, see the information provided by your employer and the How to choose the right investment options for your pension guide (PDF, 1.17MB) .
Selected investment range
Howdens and their adviser have also selected a small range of investment options they think are appropriate if you don't want to invest in the low-involvement option. The selected investment range gives you some choice - but is easier to handle than going through all your investment options.
Remember, Howdens and their adviser aren't recommending that the options in the selected investment range are suitable for everyone.
For more information on the selected investment range, see the:
When you invest your pension in a lifestyle profile, your money is initially invested in a fund or funds that have the potential to grow over the long term. When you get closer to retirement, some of your money will gradually and automatically move into funds that are more suitable as you approach retirement.
If you choose a lifestyle profile, you can't invest in any other lifestyle profile or funds. Lifestyle profiles aren't suitable for everyone. For example, some lifestyle profiles have been specifically designed for customers intending to buy a level or index-linked annuity, and/or take the maximum tax free cash. Some lifestyle profiles may be designed for customers who intend to use income drawdown. Also, they may not be suitable if you don't plan to retire at your chosen retirement date.
These lifestyle profiles might be a good choice if:
- You don’t want to be actively involved in managing your investments
- You'd like an option that automatically moves your investments into funds that are more appropriate as you approach retirement
Available lifestyle profile
Passive Plus IV Universal Strategic Lifestyle Profile
More information on the lifestyle profile is available in the How to choose the right investment options for your pension guide (PDF, 1.17MB).
Howdens and their advisers have also selected a range of individual funds that you can choose from. If you select any of these, you should spend some time reviewing them regularly to make sure they stay on track to help you get the retirement income you want. Remember, you can't invest in more than 12 funds at one time.
* FTSE International Limited ("FTSE") does not sponsor, endorse, or promote this fund. All copyright in the index values and constituent list vests in FTSE. Licences have been obtained from FTSE to use such copyright in the creation of this fund. "FTSE®" is a trade mark jointly owned by the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE under licence.
Choose your own investments
If you want more choice - or more control - over where your money is invested, you can choose from a wider range of options. There are choices to suit your level of experience with investing and how much time you want to spend monitoring and managing your investments.
For more information on these options, see the:
You can access more information on our funds, including details of past performance and fund fact sheets, on Standard Life's website.
As with any investment its value can go down as well as up and may be worth less than what was paid in. lf you need help choosing your investments, you should seek financial advice. There is likely to be a charge for this.
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.
This is where you will find specific details about your employer’s company pension.
This document explains the features of the pension product your employer has chosen.
This document gives you an illustration of what your pension could be worth.
Read this guide for more information about how pensions work if you make payments through salary exchange.
Read this guide for more information on your investment options, including details about charges and fund codes.
Use this form if you would like to join the plan and you aren't being automatically enrolled.
Read this form for more information on Salary Exchange. This form has been provided by Howdens. Standard Life aren't responsible for the content of this guide.
Presentation for members of the Howden Joinery Auto Enrolment Pension Scheme.