Your pension investments
The money you and Whitbread pay into the scheme is pooled with lots of other pension savers’ money in a fund and invested to help it grow. Any money the investments make is shared between the people who have put their pension savings into the fund.
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The default investment plan
Most people at Whitbread don’t choose how their money is invested. Their money is invested in a fund called the Growth Fund and follows what’s called the ‘default investment plan’. This is a plan that the pension scheme Trustees have made for investing members’ money. It means your money will move automatically into lower-risk investments as you get closer to retirement. Then, once you have fewer than eight years to go until you retire, you can make a choice about what happens to your pension investments:
The Cash path
This path invests in cash. It is suitable for people who want to take their pension as a one-off amount when they retire. When you are eight years from retirement, your money will be moved gradually to cash investments. This is the path with the least risk. But it can be affected by inflation. Inflation is the rate that the cost of living goes up or down. If the cost of living goes up, then your money will buy you less in the future than it does today.
To choose the Cash path, you need to log in to the OneView website and click on the Investments tab, select Investment Choices, then choose Lifestyle Strategy.
The Income path
This path invests in equities, diversified assets, bonds and gilts, and cash. It is suitable for people who want to take their pension as a regular income when they retire. When you are eight years from retirement, your money will be moved gradually to lower-risk investments. Although there will still be some risk, we expect the investments will continue to grow after you retire.
To choose the Income path, you need to log in to the OneView website and click on the Investments tab, select Investment Choices, then choose Lifestyle Strategy.
If you don’t make a choice
If you don’t make a choice, the pension scheme Trustees will decide which investment path you should follow.
- If we estimate that you’ll have less than £30,000 in your pension when you retire, we’ll put you into the Cash path.
- If we estimate that you’ll have more than £30,000 in your pension when you retire, we’ll put you into the Income path.
We base our estimate on your salary, the amount you pay in and the size of your pension pot.
If you want to know more about the scheme’s investment strategy, check out our Pension investments FAQs.
The Shariah Fund
You also have the option to invest in a different fund, called the Shariah Fund. This fund doesn’t follow a default investment plan, so if you choose this fund you have to make your own decisions as you approach retirement age. If you switch your pension pot to invest in the Shariah Fund, your money won’t be moved into lower-risk investments as you get closer to retirement age and you won’t be able to choose one of the retirement paths.
To choose the Shariah Fund, you need to log in to the OneView website and click on the Investments tab.
If you want to know more about the Shariah Fund’s investment strategy, there’s a detailed factsheet on OneView – log in and click on the Investments tab to find it.
Want to know more about investments?
Visit the FAQs section to find out more about:
The charges you pay on your pension investments.
The different types of investments.
How the scheme invests in assets that help the planet.
The Shariah Fund.
