Investments

Paying more into your Lloyd's Register Superannuation Fund Association (LRSFA) pension isn't the only way of helping it grow. How you invest your account is also important.

The contributions you and Lloyd's Register make into your account are invested with the aim of growth — if your investments perform well, your account will grow in value. The better they perform, the more retirement income you'll have.

Every year, we'll send you an annual benefit statement that shows how your savings have performed, how your DC Fund is currently invested, and what the value of your DC Fund might be at your Normal or Selected Retirement Age. When you receive your statement, it's a good idea to check that your investments are right for you and still reflect your retirement goals.

To change the funds you're invested in, go to the Standard Life member dashboard through Lifelens. You can access Lifelens from Connect on your work computer. Neither Standard Life nor Group Pensions can give you financial advice about your investments. You can find a financial adviser on unbiased.co.uk

Investments and risk

We can't talk about investments without mentioning risk as there's always an element of risk involved with them. So it's important to consider the level of risk you're comfortable with. It may change over time and with your circumstances — for example, you may be less happy with risk as you approach retirement.

Not sure what your attitude to risk is? Use Standard Life's Risk questionnaire to find out.

Your investment options

Depending on your attitude to risk and your confidence making investment decisions, you can either choose your own investment strategy, or invest in the DC Section's default investment strategy.

The Flexible Retirement Strategy

If you're not comfortable making your own investment decisions, you can invest your LRSFA pension account in the Flexible Retirement Strategy — this is the DC Section's default strategy and it's designed by the Trustee. The only decision you need to make is when you want to retire and the strategy invests your account in different investment funds depending on how far you are from your selected retirement date.

Generally, your account is invested in growth (or riskier) funds when you're further away from retirement — these funds aim to maximize the value of your pension account. As you get closer to retirement, we gradually move your investments into protection funds over a number of years to safeguard your pension account from falling in value.

This option is designed to meet the needs of an investor with a balanced view of risk and reward. The Flexible Retirement Strategy gradually switches your investments over a period of 20 years, slowly introducing a fund which provides diversification across a wide range of different investments, while still aiming to grow your savings.

As this gradual switch takes place automatically, it is important to update Standard Life if you decide to change your selected retirement date. If you don't choose a retirement date, this will be set at age 65 (the normal retirement date in the DC Section).

Find out more about the Flexible Retirement Strategy in the Standard Life Investment Guide.

Self-Select Investment Strategy

If you're happy to make your own investment choices, you can choose from a range of funds offered by Standard Life.

If you choose this option, you must review your choices regularly to make sure they're still suitable. You can review or switch your investments by logging in to your Standard Life account.

Find out more about the self-select funds in the Standard Life Investment Guide.

Fund management charges

Remember that fund management charges (FMCs) — the fee charged by the investment manager for investing your account — depend on the type of investments you opt for. It is shown as a percentage of your pension account, builds up daily over the course of the year, and is taken from your account every month by deducting units from each fund. FMCs are taken to pay for the cost of setting up the scheme, the advice provided, fund management and policy administration.

The Effective Total Annual Fund Charge (Effective TAFC) is the fund manager charge (FMC) plus any additional expenses, minus any scheme rebate that applies.

The charges and rebates are not guaranteed — they're regularly reviewed and are likely to change. The charges displayed here are correct as at April 2022.

Remember that you — not the Trustee or Lloyd's Register — are responsible for the investment choices you make in the DC Section. If you're unsure, you can take independent financial or tax advice before making any decisions. You can find an independent financial adviser at unbiased.co.uk

Investment Portfolio

Fund Code Fund Name Factsheet FMC Additional Expenses Total Charge Volatility Rating Active/Passive Investment Scheme Rebate Effective TAFC
MPJL LR Emerging Markets Equity Fund 1.00% 0.17% 1.17% 7 Passive 0.79% 0.38%
BBJN LR SL BlackRock Cash Pension Fund 1.13% 0.07% 1.20% 1 Active 0.94% 0.26%

BBKN

LR Sustainable Investments

1.00%

0.02%

1.02%

6

Passive

0.72%

0.30%

BDIF

LR Fixed Income Fund

1.00%

0.01%

1.01%

5

Active

0.80%

0.21%

BBNK

LR SL iShares Index Linked Gilt Index Pension Fund

1.00%

0.01%

1.01%

5

Passive

0.81%

0.20%

LPDB

LR SL iShares Over 15 Year Gilt Index Pension Fund

1.00%

0.02%

1.02%

5

Passive

0.81%

0.21%

MMKE

LR Global Equity

1.00%

0.03%

1.03%

6

Passive

0.79%

0.24%

DDHF

LR Moderate Fund

1.00%

0.10%

1.10%

5

Active

0.79%

0.31%

NACF

LR Adventurous Fund

1.00%

0.11%

1.11%

5

Active

0.78%

0.33%

LLJF

LR Standard Life Long Corporate Bond Pension Fund

1.00%

0.01%

1.01%

5

Active

0.79%

0.22%

LPAD

LR SL iShares UK Equity Index Pension Fund

1.00%

0.01%

1.01%

6

Passive

0.79%

0.22%

MMPB

LR Property Fund

1.00%

0.03%

1.03%

3

Active

0.72%

0.31%

DDLA

LR Diversified Growth

1.25%

0.28%

1.53%

4

Active

0.77%

0.76%