Your investment timeline

On the date of transfer to Utmost Life and Pensions, your savings will be moved into a secure cash investment while your investment choice is implemented. While your savings are in the secure cash investment, they are guaranteed not to decrease in value below the initial investment amount, although they will not be protected against the effects of inflation.

You can choose how quickly or gradually you would like your savings to move from the secure cash investment into your chosen fund or funds.

If you make an investment choice but do not select a timeline, the six-month transition will automatically apply.

Your choice of investment timeline

Investment Timeline

Why might you choose a shorter timeline?

If you choose a shorter timeline, your savings will be fully invested in your chosen investment option more quickly. Depending on your choice, that might mean they are better protected from the effects of inflation and will have more potential to grow.

However, your savings will not be protected from a loss in value as they would be in the secure cash investment. There is also more potential for your savings to be affected by a sudden fall in the market.

Why might you choose a longer timeline?

You might want to choose a more gradual transition if you are concerned about the risk of a market downturn. This is because spreading your investments over time reduces the risk of investing the whole amount immediately before a market fall, and can ensure that more of your money benefits from cheaper prices if the market falls.

The longer timeline means your savings will remain for longer in the secure cash investment, where they will be protected from losses but their value may not keep pace with inflation. You may also miss out on growth if markets rise over the transfer period.

Seek advice if you’re not sure

If you are unsure which investment timeline is right for you, or need any other help with your investment choice, please speak to an independent financial adviser.

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 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)