Stakeholder
pension
What funds can you invest in?
In order to ensure your pension reflects your attitude to risk and changing lifestyle, we offer a wide range of funds to suit your needs. Norwich Union Stakeholder Pension has a variety of pension investment funds to choose from, which you are able to switch between at no extra cost.
You do not have to choose an investment fund unless you want to. If you don't choose a fund, the money paid into your Norwich Union Stakeholder Pension will be invested according to the Balanced Managed Lifestyle Strategy. As you approach retirement we automatically move your investment to lower risk funds. Understand more about what we mean by risk here. Your investment is switched automatically on set dates, and so you should be aware that switches may not happen at the most advantageous time.
| Up to 5 years before retirement | All payments will be made into the Balanced Managed Fund |
|---|---|
| Less than 5 years before your retirement | Your fund will gradually be moved into the Retirement Protection Fund and Deposit Fund. At your chosen retirement date, 75% of your whole fund will be invested in the Retirement Protection Fund and 25% will be invested in the Deposit Fund. Future payments continue to be invested into the Balanced Managed Fund but are included in later switches into the Retirement Protection Fund and the Deposit Fund. |
If you start your plan with a term of less than 5 years, from outset your fund will be invested 75% in the Retirement Protection Fund and 25% in the Deposit Fund.
The value of a pension fund can go down as well as up and is not guaranteed. The level of risk depends on the fund invested in and the higher the potential for growth, the higher the risk.
A range of investment fund choices
The investment fund choices available to you in 'Norwich Union Stakeholder Pension' are listed below.
Norwich Union understands that fund selection is a very important decision. In order to help you make your choice you should read the fund descriptions and risk profiles of each fund by clicking on the fund name.
Understand more about what we mean by risk here.
In certain circumstances we may need to delay switching your funds, as outlined in your policy terms and conditions. This could, for example, be as a result of adverse market conditions or where it would lead to the unfair treatment of other policyholders. The delay may be up to one month for most funds or up to six months if the fund you are invested in cannot be easily converted to cash. This includes: the Property fund, or a fund that is fully or partly invested in the form of land or buildings.
After such a delay the unit price used will be the price applicable at the end of the deferment period.
Funds
- NU Deposit Fund
- NU Gilt Fund
- NU Defensive Managed Fund
- NU Index Linked Gilt Fund
- NU Stakeholder With-Profit Fund
- NU Retirement Protection Fund
- NU BGI Corporate Bond Index Tracker Fund
- NU BGI Over 15 Years Gilt Index Tracker Fund
- NU Corporate Bond Fund
- NU Sustainable Future Managed Fund
- NU BGI Consensus Fund
- NU Property Fund
- NU Global Bond Fund
- NU Sustainable Future Corporate Bond Fund
- NU Balanced Managed Fund
- NU Cautious Managed Fund
- NU UK Index Tracking Fund
- NU BGI European Equity Index Tracker Fund
- NU BGI UK Equity Index Tracker Fund
- NU BGI 50:50 Global Equity Index Tracker Fund
- NU UK Equity Fund
- NU UK Equity Ethical Fund
- NU Sustainable Future UK Growth Fund
- NU Sustainable Future European Growth Fund
- NU European Equity Fund
- NU US Equity Fund
- NU BGI US Equity Index Tracker Fund
- NU BGI Japanese Equity Index Tracker Fund
- NU BGI Pacific Rim Equity Index Tracker Fund
- NU Sustainable Future Global Growth Fund
- NU Sustainable Future Absolute Growth Fund
- NU Pacific Equity Fund
- NU International Index Tracking Fund
- NU Global Equity Fund
Get a quote and applyfor a Stakeholder Pension today
Alternatively, If you would prefer to talk to one of our advisers about our Stakeholder Pension please call us on 0800 056 2326. Any advice you receive will only relate to our products.
Low Risk Funds
NU Deposit Fund
The fund aims to provide a safe return in line with bank and building society interest rates. The fund has very little risk attached to it and protects capital values from falling. It invests in cash investments with first-class banks and major UK companies.
This fund has a risk rating of low.
Medium to Low Risk Funds
NU BGI Corporate Bond Index Tracker Fund
This fund aims to achieve a return consistent with the iBoxx £ Non-Gilts Index. This index covers the broad spectrum of investment grade corporate bonds in issue.
This fund has a risk rating of medium to low.
NU BGI Over 15 Years Gilt Index Tracker Fund
This fund invests in UK Government fixed income securities (gilts) that have a maturity period of 15 years or longer. The fund aims to achieve a return consistent with the FTSE UK Gilts Over 15 Years Index, which is widely regarded as the benchmark for UK pension fund investment in the longer dated end of the UK gilt market.
This fund has a risk rating of medium to low.
NU Retirement Protection Fund
The fund aims to track the performance of the Financial Times Actuaries Government over 15 years Gilt Index (before the deduction of management fees and allowances for taxes and other expenses).
It invests in British Government fixed interest stocks, whose performance matches the cost of buying a pension income.
This fund has a risk rating of medium to low.
NU Corporate Bond Fund
The fund aims to provide a level of investment income above that available if investments were made solely in gilt-edged securities.
This fund has a risk rating of medium to low.
NU Gilt Fund
The fund aims to provide a reasonably good return, mainly through investment income, with the prospect of some capital growth. It invests mainly in gilts which are British Government loan stock.
This fund has a risk rating of medium to low.
NU Index-linked Gilt Fund
The fund aims to provide long-term capital growth. It invests mainly in British Government index-linked securities.
This fund has a risk rating of medium to low.
NU Defensive Managed Fund
The fund aims to provide a reasonable return through a combination of capital growth and investment income with a low level of risk. The mix of investments aims to achieve a higher level of return than cash deposits alone. It invests in a wide range of assets to spread and control risk by using any of the appropriate funds.
This fund has a risk rating of medium to low.
NU Stakeholder With-Profit Fund
This Fund invests in a mix of assets, including company shares, property, government bonds, company bonds and deposits. The Fund aims to provide Stakeholder With-Profit policyholders with a smoothed investment return. As a result of smoothing and guarantees, the investment risk is lower than that of many other ways of investing in company shares.
Unit prices of the Stakeholder With-Profit Fund increase daily in line with the latest regular bonus rate declared by Norwich Union. We may add a final bonus when units are switched out of the fund, on full or partial encashment, on regular withdrawals, on death or when units are cancelled from the fund.
Norwich Union may vary the final bonus or withdraw it at any time without notice. Future bonus rates may vary as they depend on future returns. They will be decided by Norwich Union and cannot be guaranteed or predicted.
To protect remaining with-profit planholders we may apply a market value reduction on full or partial encashment, on regular withdrawals or on switching out of the Stakeholder With-Profit Fund. This would reduce the quoted value of the amount taken out and ensure it fairly represents what your money has earned. A market value reduction would normally apply after sudden market falls or following a period where returns are regularly below those we expect.
An investment in the Stakeholder With-Profit Fund should be viewed as a long-term investment.
This fund has a risk rating of medium to low.
Medium Risk Funds
NU BGI Consensus Fund
The fund aims to produce consistent investment performance in line with the average UK pension fund and to avoid any violent swings between the upper and lower ends of the pension fund performance league tables.
This fund has a risk rating of medium.
NU Property Fund
The fund aims to provide a good return from a mixture of rental income and capital growth. It invests mainly in commercial properties including shops, warehouses, offices and industrial buildings. Property value is generally a matter of the valuer's opinion rather than fact.
Buying and selling properties can take quite a while, which may mean that there is a delay of up to six months if you want to switch your money out of a property fund or transfer your fund to another provider.
This fund has a risk rating of medium.
NU Sustainable Future Corporate Bond Fund
The fund aims to provide a high level of investment income. It invests mainly in sterling fixed interest securities issued by corporations and governments. Limited investment in non-sterling fixed interest securities may be made from time to time. Forward currency transactions may be used to remove any exchange rate risk. All investments must meet our social and environmental criteria.
When funds invest in overseas financial markets, the values will go up and down in line with movements in currency exchange rates, as well as the changes in the values of the funds' holdings.
This fund has a risk rating of medium.
NU Global Bond Fund
The fund aims to provide a reasonably good return from a combination of investment income, capital growth and currency gains. It invests in fixed interest stocks quoted on major financial markets around the world.
When funds invest in overseas financial markets, the values will go up and down in line with movements in currency exchange rates, as well as the changes in the values of the funds' holdings.
This fund has a risk rating of medium.
NU Cautious Managed Fund
The fund aims to provide a reasonably good return through capital growth and investment income. The Fund invests in a wide range of assets to spread and control risk by using any of our other appropriate funds. The fund manager will decide the allocation of investments between different funds.
This fund has a risk rating of medium.
NU Balanced Managed Fund
The fund aims to provide a good return, through a combination of capital growth and investment income. The mix of investments gives the possibility of high returns from company shares, but with the safety of spreading the risk over a wide range of assets. It invests in a wide range of assets, mainly company shares, to spread the investment risk. Other assets include property, bonds and deposits.
This fund has a risk rating of medium.
NU Sustainable Future Managed Fund
The fund aims to provide a good return, through a combination of capital growth and investment income. It invests in a wide range of assets including worldwide shares, bonds and cash. All investments must meet our social and environmental criteria.
When funds invest in overseas financial markets, the values will go up and down in line with movements in currency exchange rates, as well as the changes in the values of the funds' holdings.
This fund has a risk rating of medium.
Medium to High Risk Funds
NU BGI European Equity Index Tracker Fund
This fund invests in the shares of companies in Europe and aims to achieve a return that is consistent with the return of the FTSE All-World Developed Europe ex-UK Index. This index is widely regarded as the benchmark for UK pension fund investment in European company shares.
This fund has a risk rating of medium to high.
NU BGI UK Equity Index Tracker Fund
This fund invests in the shares of UK companies and aims to achieve a return that is consistent with the return of the FTSE All-Share Index. This index is widely regarded as the benchmark for UK pension fund investment in shares of companies in the UK.
This fund has a risk rating of medium to high.
NU BGI 50:50 Global Equity Index Tracker Fund
This fund invests primarily in equities, both in the UK and overseas markets. The fund has approximately 50% invested in the shares of UK companies. The remaining 50% is invested in overseas companies, split equally between the US, Europe excluding the UK, and the far east. The fund aims to provide returns consistent with the markets in which it invests and provides broad exposure to countries around the world.
This fund has a risk rating of medium to high.
NU UK Index Tracking Fund
The fund aims to track the performance of the FTSE All-Share Index (before the deduction of management fees and allowances for taxes and other expenses). It invests in UK shares and futures.
This fund has a risk rating of medium to high.
The FTSE All-Share Index is calculated by FTSE International Limited ("FTSE"). FTSE does not sponsor, endorse or promote this product. The FTSE Index Series is calculated by FTSE. All copyright in the index values and constituent list vests in FTSE. Morley Fund Management Limited has obtained full licence from FTSE to use such rights in the creation of this product.
"FTSE™" is a trade mark of London Stock Exchange Plc and The Financial Times Limited is used by Morley Fund Management Limited under licence.
NU UK Equity Fund
The fund aims to provide a return from a mixture of investment income and capital growth. It invests in quality, large 'blue chip' and medium-sized companies throughout the UK, many of which will be household names.
This fund has a risk rating of medium to high.
NU UK Equity Ethical Fund
The fund aims to provide long-term capital growth and investment income by investing mainly in shares. It invests in UK based companies which meet a set of ethical criteria, selected for their potential long-term returns.
This fund has a risk rating of medium to high.
NU Sustainable Future UK Growth Fund
The fund aims to provide long-term capital growth. It invests mainly in UK shares. Some of the fund may be invested in UK bonds from time to time. All investments must meet our social and environmental criteria.
This fund has a risk rating of medium to high.
NU European Equity Fund
The fund aims to provide a return mainly from capital growth. It invests in quality companies throughout continental Europe and Scandinavia, many of which will be household names. When funds invest in overseas financial markets, the values will go up and down in line with movements in currency exchange rates, as well as the changes in the values of the funds' holdings.
This fund has a risk rating of medium to high.
NU Sustainable Future European Growth Fund
The fund aims to provide long-term capital growth. It invests mainly in continental European shares. Some of the fund may be invested in continental European bonds from time to time. All investments must meet our social and environmental criteria.
When funds invest in overseas financial markets, the values will go up and down in line with movements in currency exchange rates, as well as the changes in the values of the funds' holdings.
This fund has a risk rating of medium to high.
NU Global Equity Fund
The fund aims to provide a relatively high return from a mixture of investment income and capital growth from a portfolio comprising shares spread across the world's financial markets. It invests in quality companies from all around the world. When funds invest in overseas financial markets, the values will go up and down in line with movements in currency exchange rates, as well as the changes in the values of the funds' holdings.
This fund has a risk rating of medium to high.
NU International Index Tracking Fund
The fund aims to track the performance of the FTSE World (ex UK) index (before the deduction of management fees and allowances for taxes and other expenses). It invests in international shares.
When funds invest in overseas financial markets, the values will go up and down in line with movements in currency exchange rates, as well as the changes in the values of the funds' holdings.
The FTSE All-Share Index is calculated by FTSE International Limited ("FTSE"). FTSE does not sponsor, endorse or promote this product. The FTSE Index Series is calculated by FTSE. All copyright in the index values and constituent list vests in FTSE. Morley Fund Management Limited has obtained full licence from FTSE to use such rights in the creation of this product.
"FTSE™" is a trade mark of London Stock Exchange Plc and The Financial Times Limited and is used by Morley Fund Management Limited under licence.
This fund has a risk rating of medium to high.
High Risk Funds
NU BGI US Equity Index Tracker Fund
This fund invests in the shares of US companies and aims to achieve a return that is consistent with the return of the FTSE All-World USA Index. This index is widely regarded as the benchmark for UK pension fund investment in shares of companies in the US.
This fund has a risk rating of high.
NU BGI Japanese Equity Index Tracker Fund
This fund invests in the shares of Japanese companies and aims to achieve a return that is consistent with the return of the FTSE All-World Japan Index. This index is widely regarded as the benchmark for UK pension fund investment in shares of companies in Japan.
This fund has a risk rating of high.
NU BGI Pacific Rim Equity Index Tracker Fund
This fund invests in the shares of companies in the Pacific Rim and aims to achieve a return that is consistent with the return of the FTSE All-World Developed Asia Pacific ex-Japan Index. This index is widely regarded as the benchmark for UK pension fund investment in shares of companies in the Pacific Rim.
This fund has a risk rating of high.
NU US Equity Fund
The fund aims to provide a return mainly from capital growth. It invests in quality North American companies, primarily in the USA, many of which will be household names. When funds invest in overseas financial markets, the values will go up and down in line with movements in currency exchange rates, as well as the changes in the values of the funds' holdings.
This fund has a risk rating of high.
NU Pacific Equity Fund
The fund aims to provide a return mainly from capital growth. It invests in companies throughout the Far East and Japan, many of which will be household names. When funds invest in overseas financial markets, the values will go up and down in line with movements in currency exchange rates, as well as the changes in the values of the funds' holdings.
This fund has a risk rating of high.
NU Sustainable Future Global Growth
The fund aims to provide long-term capital growth. It invests mainly in global shares. Some of the fund may be invested in global bonds from time to time. All investments must meet our social and environmental criteria. When funds invest in overseas financial markets, the values will go up and down in line with movements in currency exchange rates, as well as the changes in the values of the funds' holdings.
This fund has a risk rating of high.
NU Sustainable Future Absolute Growth Fund
The fund aims to provide long-term capital growth. It invests mainly in worldwide shares, although we may not always provide a spread of investment across countries. Some of the fund may be invested in bonds from time to time. All investments must meet our social and environmental criteria.
When funds invest in overseas financial markets, the values will go up and down in line with movements in currency exchange rates, as well as the changes in the values of the funds' holdings.
This fund has a risk rating of high.
WC03005 03/2008
