The decisions taken in relation to your pension investments will be a key factor in determining the value of your fund at retirement. Over a period of time many things can change and this is especially true of the investment markets. The Friends First Lifestyle Strategy is an investment option that will help to position your pension fund in readiness for retirement.
In general, investment funds are managed within a medium- to long-term timeframe. This suits the general needs of all the people whose money is invested in the fund, rather than your specific needs.
Upon retirement, you can take a tax-free lump sum from your pension fund. Depending on your circumstances, you have two choices for what to do with the remainder:
- Purchase a retirement annuity
- Continue investing in an Approved Minimum Retirement Fund (AMRF) or an Approved Retirement Fund (ARF)
Your Friends First Lifestyle Investment Options
We offer two Lifestyle Investment Options which work differently. While they are broadly intended to suit different retirement benefit situations, either may be suitable to your needs depending on your appetite for risk and your personal financial circumstances.
- Choose Option 1 if you intend to purchase a retirement annuity.
- Choose Option 2 if you intend to continue investing after retirement in an Approved Minimum Retirement Fund or Approved Retirement Fund.