The fund’s investments

The fund’s default investment strategy

Your retirement savings (fund credit) in the fund is invested in an investment portfolio managed by an investment manager approved by the trustees. The fund’s investment managers and the portfolios available to employers and members are selected and regularly reviewed by the trustees. The trustees use specialist asset consultants to assist them in their decision-making process.

Each participating employer has chosen their investment portfolios from the range of portfolios made available by the trustees. The details of the portfolios for your participating employer are set out in your member benefit statement and can be viewed on AF Online

In line with the requirements of the Pension Funds Act, the trustees have developed and implemented a default investment portfolio for your fund credit to be invested in if you don’t make, or are uncomfortable making, an investment choice. This default investment portfolio is the AF Goals-based Balanced LifeStage model. The design of this model is based on the latest investment research. It moves your fund credit automatically into more conservative investments as you approach your employer’s normal retirement age. If you, or your management committee, don’t make a different investment choice, your fund credit will be invested in this model.

For employers in the Base Access option, the default investment portfolio is the AF Retirement Navigator portfolio, and no investment choice is offered.