As a deferred member, you’ll be entitled to use the funds built up in your Account from age 55 (subject to limited exceptions). Please note, this will increase to age 57 in 2028.
Your Account will remain invested in the funds that you choose and it will be used to provide benefits at your retirement. The value of your fund may increase or decrease.
If you do not make a decision on how the contributions paid to your Account are invested, the contributions will be automatically invested in the Fund’s Lifestyle option. The Lifestyle option automatically allocates your Account as you approach your Target Retirement Age so that your Account is invested in cash and bond funds at your Target Retirement Age.
You’re able to select a Target Retirement Age and if you invest your Account in the Lifestyle option but do not select a Target Retirement Age, the default Target Retirement Age of 65 will be used.
Need some advice?
Fidelity and the Trustee aren’t able to give you any advice about where to invest your Pension Account. If you’d like some advice about your own situation you should consider speaking to a regulated Financial Adviser. To find a Financial Adviser in your area visit https://www.moneyhelper.org.uk/en/pensions-and-retirement/taking-your-pension/find-a-retirement-adviser