What if I do nothing?

The automatic investment option

If you do not make an investment choice, your savings will be invested in our automatic option, which has been chosen because we believe it is appropriate for the needs of most policyholders.

On the date of transfer

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.

After six months

If you haven’t made a decision at the end of the six-month period, your money will begin to transition into our Investing by Age strategy, an age-based solution for pension policyholders.

The following six months

To minimise the impact of market fluctuations, your money will move into Investing by Age gradually over the following six months. You will be fully invested in Investing by Age no later than 12 months from the date of transfer.

Investing by Age diagram

What if I don’t want to wait?

If you think Investing by Age is right for you, you do not need to wait to be invested automatically. Simply select Investing by Age on your Investment Choices form and you can begin to transition into the strategy from the date of transfer.

Have a look at your other investment options.

Need more information?


Corporate bond funds

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

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.

Government bond funds

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

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.

Multi-asset funds

These funds can invests across a wide range of equities, bonds and other assets. We seek to provide diversification.

Secure cash investment

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 investment fund

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.

Professional Advice

You may also choose to seek professional advice from a financial adviser, authorised by the Financial Conduct Authority, who specialises in investments.

How to find an authorised financial adviser

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.

For details about help and guidance with your pension options please go to Pensions advice

Contact us

The easiest way to get in touch about the Proposal is to call the Equitable Life Proposal helpline.

Call Us

0330 159 1530

Monday to Friday (not including bank holidays)