If you haven’t yet made an investment choice, your savings will be moved into a secure cash investment on the date of transfer to Utmost Life and Pensions, to give you more time to make a decision. While your savings are in the secure cash investment, they are guaranteed not to decrease in value, though they will not be protected against the effects of inflation.
If you haven’t made a decision at the end of the six-month period, your money will begin to transition into our Multi-Asset Moderate Fund, a blend of shares, bonds and cash seeking to take moderate levels of risk to generate moderate growth over the long term.
To minimise the impact of market fluctuations, your money will move into Multi-Asset Moderate Fund gradually over the following six months. You will be fully invested in Multi-Asset Moderate Fund no later than 12 months from the date of transfer.
If you think Multi-Asset Moderate is right for you, you do not need to wait to be invested automatically. Simply select Multi-Asset Moderate on your Investment Choices form and you can begin to transition into the strategy from the date of transfer.
These funds invest in bonds issued by corporate borrowers. Returns may be higher than government bonds, for a higher level of risk. Returns may not keep pace with inflation.
A term used to describe spreading your investments across a range of different assets classes, regions or industry sectors, to avoid concentrating your risk and potentially reducing the impact of market movements on the value of your investments.
Equity funds invest in a range of company shares. The price of shares can be volatile and go up or down based on how well the company is currently doing, or what its prospects are.
These funds invest in bonds issued by governments. While interest rates remain low, returns are likely to be low and may not keep pace with inflation.
Money market or cash funds invest in securities with a very short maturity, usually issued by governments, financial institutions or large companies. These are conservative investments in low-risk instruments, with the aim of protecting the value of your investment. Returns will likely be low and may not keep pace with inflation.
These funds can invests across a wide range of equities, bonds and other assets. We seek to provide diversification.
A temporary cash fund in which the unit price is guaranteed not to decrease from the price at the initial investment date, although its value is unlikely to keep pace with inflation.
Unit-linked funds allow you to combine your money with other investors so that you can access a diversified range of investments within a single portfolio. They can provide a cost-effective way of investing in a range of securities and assets, including shares of UK and overseas companies, corporate bonds, government bonds, money market instruments and cash deposits.
It’s important to bear in mind that the value of unit-linked funds can go down as well as up and you may not get back the amount you invested. You should ensure you are comfortable with the level of risk and reward associated with any fund you invest in.
You may also choose to seek professional advice from a financial adviser, authorised by the Financial Conduct Authority, who specialises in investments.
Online at www.unbiased.co.uk or telephone: 0800 023 6868
Please be aware that financial advisers may charge for their services.
You should ensure that any adviser you approach is authorised by the Financial Conduct Authority.