This chart shows how your pension pot de-risks into different funds as you approach retirement.
If you’d like to choose your own investments, you can select from a range of other funds the Trustee has made available to members.
The new range of self select funds will be available to select from 1 July 2026.
It’s important to know that if you self-select your investment funds, you’re responsible for choosing your funds and changing them – it’s especially important to be aware of when you should be in the growth phase of your pension savings versus taking less risk when you approach retirement.
You’re likely to be a member of the DB Section of the Scheme if you worked at the Partnership before 1 April 2015. XPS is the administrator of the DB Section.
The DB Section closed on 1 April 2020 and therefore members who joined the Partnership after 1 April 2015 will only have a Defined Contribution pension pot.
This is where you can find information about your current pension if you’re a Partner now, or were a Partner after 1 April 2015. The Defined Contribution pages are probably the most important for you.
Members who joined the Partnership before 1 April 2015 may also hold DC pension pots with Prudential or Legal and General, as well as a Defined Benefit Pension in the Scheme. We previously referred to this as Hybrid or Dual Benefit. This is because you may have joined the DC Section of the Scheme when you started working at the Partnership and then, after a defined waiting period (which depends on the date you joined the Partnership), you would have become eligible to join the DB Section.
The DB Section closed on 1 April 2020 and therefore members who joined after 1 April 2015 will only have a DC Section pension pot.
