About your pension
Managing your pension
Managing your pension
Moving a pension What happens if you leave BNP Paribas? What happens to my pension when I die?
Who manages your pension?
Overview
Your investment options
As a member of a workplace pension plan, you are an investor. As an investor, you can choose from the various investment options available under the BNP Paribas Pension, where your contributions and savings are invested.
The default investment and other lifestyle strategies
When you joined the BNP Paribas Pension, your contributions were initially invested for you in the Plan’s default investment - the Drawdown Lifestyle.
The Drawdown Lifestyle is a lifestyle strategy type of investment that changes the way your savings are invested as you get closer to retirement. There are also two other lifestyle strategies available to you under the Plan too.
Watch the videos below to understand how these lifestyle strategies change your investments as you get nearer to your retirement date and the costs to you as an investor.
Watch this video to see how the Drawdown Lifestyle - the Plan's default investment - works.
Watch this video to see how investments change in the Annuity Lifestyle.
Watch this video for more information on the Cash Lifestyle.
Choosing your own investments
You are free to choose your own selection of funds through the ‘self-select’ option which means you will be responsible for choosing and managing your own investments.
Please remember, that if you're not sure what investments are most suitable for your retirement plans, you should consider taking authorised financial advice.
How your workplace pension is invested
Your Investment Choices Guide
The fund factsheets
What's the difference between the default investment and the self-select funds?
The default investment, the Drawdown Lifestyle is the 'hands-off' way of investing where the decisions are made for you.
But if you want more involvement with where your pension savings are invested, you can choose the funds yourself, from the range available through the BNP Paribas Pension.
This is called ‘self-select’ and it allows you to tailor an investment strategy to your particular long-term goals. Each investment fund has its own factsheet, and you always have the option of asking a financial adviser to help you choose if you are unsure of the best options for you and your individual circumstances.
Watch this video for more information on the differences between the default investment and self-select options.
This is an automated investment approach that changes as you get older. When your retirement is still many years ahead, it invests in a funds that aim for growth. However, as your retirement age draws nearer it moves your contributions (those made in the past as well as those to be made in the future) into funds that aim to preserve that growth. It’s an approach that makes managing your pension account as easy as possible and has been designed for those who do not want to play an active role in managing their pension savings. The default investment is driven by your selected retirement age - so it is important to let us know if this age changes.
Log in to Spectrum to find out more about the Plan’s default investment.
You can take a more ‘hands-on’ approach to investing by self-selecting. This option allows you to select the funds you invest in yourself. There are a range of funds to choose from which you can view. Remember, if you decide you want to self-select you will be responsible for allocating your investments and you should regularly review your plan to make sure it remains suitable.
Investing basics
Your investment options
Costs and charges on your investment
The Government and Regulators have been conducting a review into the transparency of costs and charges for investors, and have introduced legislation to make these costs more visible.
Understand the costs associated with your current investment strategy and how this may affect your pension value.