Your money can be invested automatically using one of our default investment strategies, or you can choose your own investments.  

Capital at risk. The value of investments can fall as well as rise, and you may get less than the full amount you invest. 

Risk Warnings

When you invest, there are always associated risks that you need to be aware of. 

Investment risk: This is the risk that the value of your pension may go down as well as up. As with all investments, you may get back less than you paid in. It’s important to remember that your pension value can go down as well as up, even as you get closer to your Target Age. We will automatically move some of your investments to ones that are considered more cautious as you get closer to your Target Age to help protect the value of your pension from the bigger ups and downs in investment markets. However, we cannot offer any guarantees.  

Investment objective risk: This is the risk that the Cushon Sustainable Investment Strategy might not meet its investment objectives which could mean your savings outcomes are not realised. The Cushon Sustainable Investment Strategy has been designed to meet the needs of most of our members, but this doesn't mean that it is suitable for your particular savings goals or that it will meet its objectives. It's important that you review your investments to make sure they align with your future plans.  

Liquidity risk: This is the risk that some investments cannot be sold as quickly as others. To give your pension the opportunity to grow for the long term, we invest in a range of different types of assets. These include assets known as ‘private market’ investments, which means they are not listed on regulated markets, such as stock exchanges. For example, this may include investments in physical assets like housing, infrastructure, energy production and natural capital. This means some of your pension investments will be less ‘liquid’ than others, meaning they cannot be bought and sold as quickly as traditional investments like stocks and shares. Whilst this makes them suitable for supporting the long-term growth of your pension, it also means there may be, on very limited occasions, a waiting period imposed on cashing in your pension e.g. transferring your pension or taking your pension in one lump sum at short notice.

Financial guidance and advice: Your choice of pension investments can have a big effect on your pot value at retirement. If you are in any doubt about which fund is right for you, you should speak to a financial adviser. 

The value of investments can fall as well as rise, and you may get less than the full amount you invest.