Welcome to the Workday Retirement Savings Plan
See how your pension works and manage your long term savings.
With simple navigation to tools and guides, on demand videos, FAQ’s for our most asked questions, and where to find further information, this Information Hub has been designed to help you:
- Plan ahead for your future retirement, even if it’s a long way off
- Access your Workday Retirement Savings Plan account, so you can manage your pension savings
Important information - The performance of your pension savings plan is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. Should your plan have particular tax features, these will depend on your personal circumstances and all pension and tax rules may change in the future.
This website does not contain any personal recommendations for a particular course of action, service or product. If you are unsure of the right approach for you personally, you should speak to an authorised financial adviser. The minimum age you can normally access your pension savings is currently 55, and is due to rise to 57 on 6 April 2028, unless you have a lower protected pension age.
You should regularly review your retirement objectives and choices and, if you are unsure whether the investments in your Plan are suitable for you, you should contact an authorised financial adviser. Please visit ‘Your Investments’ on PlanViewer where you can find important information about your plan investments, charges and risks.
In June 2023 FutureWise, the default investment for the Workday Retirement Savings Plan, transitioned to follow a Target Date Fund (TDF) strategy. The enhancements that were made enable innovation and flexibility in the investment strategy, supporting the retirement objectives for all those saving for their future by investing in FutureWise.
This update provides a reminder of FutureWise's investment approach that help ensure it remains aligned with your financial goals, as well as an update on fund performance. The FutureWise commitment is to both improve retirement savings outcomes and drive a sustainable investment approach that supports our climate related goals.
An automated investment approach
As the default investment, it offers an easy and effective way to save for retirement and is used by members who have decided they want to leave things in the hands of the experts. It’s designed to help you manage your pension savings up to and through retirement. Visit our FutureWise member resource hub to learn more about how it works.
Climate goals1
We’ve reduced our carbon footprint by 61.4% as at December 2022, since our first Task-force on Climate-related Financial Disclosure report in 2020. This supports our climate pledge to halve the carbon footprint of our investments by 2030 and to achieve net zero carbon emission by 2050.
Investment performance2
Below is FutureWise's Target Date Funds' annualised performance as at end March 2024. The funds were launched in November 2022 therefore there is no annual performance data
available prior to April 2023.
- 21.1% for younger members invested in FutureWise Target 2070 - Class 6
- 12.0% for members at retirement invested in FutureWise Target 2025 - Class 6
Remember, past performance is not a reliable indicator of future returns and that the value of your investments (and any income from them) can go down as well as up so you may get back less than you invest. Additional fund performance information can be found in the table below.
Annualised performance3
| 01/04/19 - 31/03/20 |
01/04/20 - 31/03/21 |
01/04/21 - 31/03/22 |
01/04/22 - 31/03/23 |
01/04/23 - 31/03/24 |
|
| FutureWise Target 2070 - Class 1 | -5.7% | 39.4% | 11.4% | -1.7% | 21.1% |
| FutureWise Target 2025 - Class 1 | -3.8% | 28.7% | 5.7% | -2.1% | 12.0% |
Sources:
- Fidelity 2023. Task-force on Climate-related Financial Disclosure (TCFD) 2023 report.
- Morningstar and Fidelity International as at 31 March 2024, performance calculated on NAV to NAV basis, net of fees. The funds were launched in November 2022 therefore there is no annual performance data available prior to April 2023.
- Morningstar and Fidelity International as at 31 March 2024. Performance for the fund is simluated until 30 November 2022. Simulated performance is based on the performance of the underlying funds or market indices on a Net Asset Value (NAV) to NAV or bid to bid basis. This includes any income reinvested and the cost and charges (Total Expense Ratio, 'TER') of 0.5%, which may be lower or higher than the fund's actual TER shown on fund factsheets. Simulated performance is indicative only and actual fund performance may be higher or lower. Performance from the 30 November 2022 is based on actual performance calculated with the fund's actual TER.