Your fund selection. Retirement Investments Insurance Health

Transcription

1 Your fund seection Retirement Investments Insurance Heath

2 Wecome The purpose of this guide is to hep you understand the types of funds avaiabe under your pension, bond, endowment or other Aviva Life products (which we wi ca your pan throughout this guide). The fund ist has been downoaded from a ive database, so you can be confident you have the atest information avaiabe. However, the fund ist may have been fitered to meet your requirements so may not refect the fu range avaiabe under your pan. Before you get to the fund ist, pease read through the next few pages carefuy to understand what the fund information means. This guide is for information ony and is not financia advice. We recommend you speak to a financia adviser before you make any investment decisions. If you don t have an adviser, you can find one in your oca area at

3 Contents Understand the basics Aviva fund types Aviva s risk and return ratings Risk factors Charges Funds Other investment options What happens next?

4 Understand the basics The payments made into your pan wi be invested in a fund or funds, to give your money the potentia to grow. It is important that you are happy with the way your money is invested. Aviva fund types We categorise our funds using a ist of fund types so that simiar types of funds can be compared more easiy. These fund types are mainy decided by the types of asset cass a fund invests in. An asset is anything of vaue that can be invested in. Assets with simiar characteristics are grouped together to form asset casses. There are four main asset casses equities (shares), cash/money market, bonds and property each with different pros and cons. An investment fund wi invest in one or more asset casses. We categorise a fund based on what type and proportion of asset cass/es it invests in. For exampe, funds in the Equities category wi mainy invest in equities. Some funds may aso beong to more than one category. For exampe, an equity fund that aims to foow a specific stock market index wi aso be in the Tracker category. Knowing what category your funds are in ets you compare one fund with another of a simiar nature. Pease remember that the vaue of your investments can go down as we as up, and may be worth ess than the amount paid in. Any income from investments isn t guaranteed and can go up or down. Aviva s fund types are defined beow. Cash/Money market Cash/Money market funds are ower risk investments aimed at giving simiar growth to bank/buiding society interest rates, however, investing in these funds is not the same as saving in a bank or buiding society account. Athough this is the east risky of the asset types, these funds can sti fa in vaue. In the ong term an investment in this type of fund can be eroded due to the effects of fund s, product s and infation. They invest in cash and cash aternatives: Cash means a range of short-term deposits simiar to a bank/buiding society account. Cash aternatives are money market securities, which are interest-generating investments, issued by governments, banks and other major institutions. Corporate bonds Corporate bonds are issued by UK and internationa companies as a way for them to borrow money. The company pays interest on the oan and promises to repay the debt at a certain point in the future. They are seen as riskier investments than UK government bonds (gits), which are oans to the UK government. This is because companies are more ikey to fai to repay the oan than the UK government. However, corporate bonds often offer a higher rate of return to compensate for this higher risk. The highest risk bonds tend to offer the highest potentia returns; these are known as high yied bonds. A corporate bond fund wi usuay invest in a range of bonds which means you re spreading the risk in case one company can t pay back the money it owes. Interest rate movements have an impact on corporate bond and fund unit prices. So for exampe, as interest rates rise, bond prices fa. This woud affect the vaue of your investment. If you need to access your money quicky it is possibe that, in extreme market conditions, it coud be hard to se hodings in corporate bond funds. This means there coud be a deay in receiving your money.

5 Distribution (appicabe to bonds ony) Distribution funds aim to provide a reguar income. They invest in income-generating assets ike shares that pay dividends; corporate bonds that pay interest; and commercia (business) property that receives renta income. You receive the income produced by the fund, minus any fund s. The amount of any income payments can vary and isn t guaranteed. Equities (Shares) Equities are shares in companies isted on stock exchanges around the word. As shares can rise and fa in vaue very easiy, equities are riskier than most other investments. However, they usuay offer the greatest chance of higher returns over the ong term. Some funds invest in shares traded ony in certain countries, whie others invest in companies from a over the word. Others ony invest in certain types of company, such as technoogy companies. Generay, the more speciaised the fund is, the higher the risk to your investment. Ethica Funds where the choice of investments is infuenced by socia, environmenta or other ethica criteria. The fund managers of some ethica funds carry out ethica screening to meet their investment aims. This means they wi check companies against certain mora standards before investing in them. Because ethica funds are therefore unabe to invest in certain sectors and companies they may be more sensitive to price swings than other funds. Gits UK government bonds, aso known as gits, are issued by the UK government as a way for it to borrow money, usuay for a fixed term. The government pays interest on the oan. As gits are issued by the UK government, which has a strong credit ratings and has never faied to pay back the money it has borrowed, this type of bond is generay regarded as ower risk than bonds issued by companies. As gits can be bought and sod on the open market, their vaue can rise and fa. Goba bonds Goba bond funds invest in bonds issued by companies (corporate bonds) and governments from around the word. Guaranteed (appicabe to bonds ony) The guaranteed funds offer a fifth anniversary guarantee on a percentage of your origina investment into the fund. Any withdrawas or switches out of the guaranteed funds before the fifth anniversary wi reduce the guarantee in proportion to the number of units canceed, rather than the cash amounts taken from the fund. In this event, you may not get back the fu amount of your origina payment into the fund. The funds invest in a mix of assets incuding equities. The proportion of your money invested in equities provides most opportunity for your investment to grow. The vaue of equities can go down as we as up depending on market conditions. If the market goes down, the fund manager wi se equities to make sure the vaue at the fifth anniversary doesn t go beow the guaranteed amount. Simiary, if the markets go up, the fund manager may increase the equity proportion, so increasing the potentia for growth. In short, as market conditions change during the five-year period, so wi the proportion of equities in the fund, which coud imit the growth potentia. On the fifth anniversary you can choose to: reinvest into another fund (incuding a new guaranteed fund) cash in your bond and invest in another product, or cash in your bond and take the money.

6 Mixed asset Mixed asset funds can invest in a range of asset casses, incuding company shares (equities) corporate bonds, government bonds, property and cash. These funds can provide the benefits of diversification, meaning your money is spread across severa asset casses, rather than putting a your eggs in one basket, so to speak. If one type of asset fas in vaue, another type may offset that reduction in vaue by performing we. In that way, it s possibe that the overa vaue of your investment may not fa. On the other hand, because the fund s investments are spread between different asset types, if one type performs especiay we you may miss out on some growth. Property These funds invest mainy in commercia property, such as shopping centres and business offices. They may aso invest in indirect property investments, incuding quoted property trusts and unreguated coective investment schemes. The funds may aso hod geared investments. With these, the investment manager borrows money to boost potentia growth and income. The manager repays the oan from the returns and uses the remaining returns to increase profits for investors. Geared investments can carry a higher degree of risk than norma investments and can aso fa sharpy or suddeny in vaue. A vauer s opinion often decides the vaue of property investments and it may not be possibe to se property investments immediatey. That means there coud be a deay if you want to move a or part of your investment out of funds investing in property. We may have to deay payments, or transferring or moving your money for up to six months. If a property fund invests in a coective fund which suspends trading, the property fund may hod more cash than usua unti the underying coective fund begins trading again. This coud restrict growth potentia as cash investments have ess potentia for growth than property investments. Pease remember the vaue of property can go down as we as up and is not guaranteed. Speciaist/Other This type of investment covers funds that don t fit into the other fund types. For exampe, they may invest in assets such as infrastructure, commodities, derivatives and hedge funds or may be free to invest in any asset type at any time. Each fund in this group wi invest differenty, so you shoud check its fact sheet for the fund objective, risk rating and asset detais. Tracker These funds aim to perform in ine with a particuar stock market index. They are often referred to as passive rather than active managed funds, where the fund manager makes the investment decisions. Funds can track the index in three main ways and more than one method may be used. The fund manager can try to: hod the same assets as the index in the same proportions, which is aso referred to as fu repication. decide on a seection of hodings to sti cosey mirror the index performance, and/or use derivatives. (Derivatives are a financia contract whose vaue is based, or derived from, a traditiona security or asset (stock, bond or commodity) or a market index.)

7 With-Profits This is a specia type of mixed asset investment. It shares the profits and osses of a with-profits fund with investors through a system of bonuses. Your payment buys units in a with-profits fund. For most with-profits funds, the price of these units increases with the addition of reguar bonuses. We don t guarantee to add a reguar bonus to your investment each year. You may receive a fina bonus when you cash in or switch your investment out of a with-profits fund or in the event of your death. However, the appication of a fina bonus is not guaranteed. The vaue of a with-profits investment can move up and down which means it may be worth ess than has been paid in. However, the main difference between with-profits and other investments is that the vaue is smoothed over the ong term. Smoothing heps to reduce some of the significant ups and downs of investing in the stock market. We smooth the rises and fas in vaue by hoding back some of the investment returns in good years. We then top up some of the investment returns in years where investment performance is ower. There are times when we may appy a market vaue reduction which woud reduce the vaue of your investment. This can happen foowing a arge or sustained fa in the stock markets or when investment returns are beow the eve we normay expect. We appy a market vaue reduction to make sure a investors receive their fair share of the returns earned over the period of their investment. We guarantee we wi not appy a market vaue reduction on your death. If you re a pension customer and you keep your money invested in a pension with-profits fund unti the retirement date you originay chose, in most cases we wi not appy a market vaue reduction. This doesn t appy: if you started your pan within five years of your chosen retirement date to new one-off investments or increases to reguar contributions (other than automatic increases which have aready been agreed by us) made within five years of your chosen retirement date to any existing investment moved into a with-profits fund within five years of your chosen retirement date to switches out of a with-profits fund. If you move out of a with-profits fund before or after your originay seected retirement date, we may appy a market vaue reduction when you take your benefits. You can find out more about with-profits funds on our website seect-investment/funds-to-invest-in/with-profits/ or contact us on for a copy of our guide. The With-Profts fund is not avaiabe to any money moved to income drawdown. Pease note: For a funds In certain circumstances we may need to deay payments, transfers and switching your funds as outined in your pan terms and conditions. This coud, for exampe, be as a resut of adverse market conditions or where it woud ead to the unfair treatment of other investors. The deay may be up to one month for most funds or up to six months if the fund you ve invested in cannot be easiy converted to cash. This incudes: a property fund or a fund that s fuy or party invested in the form of and or buidings. For further detais, pease refer to your poicy terms and conditions. After such a deay the unit price used wi be the price appicabe at the end of the deferred period, further expained in your Terms and Conditions or Key Features.

8 Aviva s risk and return ratings To further hep you decide which investment funds to invest in, we give each one a risk/return rating, ranging from 1 (ow) to 5 (high). Each rating is a measure of the approximate risk/investment return potentia of that fund. The tabe beow expains what each rating means. When it comes to investments, risk refers to the possibiity of osing money. Return, on the other hand, is any gain you make on top of what you originay invested. High-risk investment funds tend to be capabe of much greater returns than ower risk ones. But there s more chance you ose money with them. The ups and downs of higher risk funds can be both greater and more reguar than ower risk funds. With ow-risk funds, there s ess chance of osing money, but they tend to be capabe of much ower returns than higher risk funds. The risk/return ratings are based on our interpretation of risk/return and are ony meant as a guide. These ratings are not guaranteed and may change in the future. Aviva s risk and return ratings defined We reguary review the ratings we give to each investment fund. So they might change from time to time. The fund centre is kept up to date with the atest risk rating. Risk/return rating Typica fund characteristics 1 (Low) Funds with this rating usuay aim to provide returns simiar to those you d get from deposit and savings accounts, athough there s sti a risk the vaue of your investment coud fa. 2 (Low to medium) Expected to provide better ong-term returns than savings accounts. Typicay invest in high quaity corporate bonds or provide a form of guarantee or capita protection, athough there is sti a risk the vaue of your investment coud fa. 3 (Medium) Typicay don t offer guarantees, but have the potentia for better ong-term returns than ower risk funds, athough there s a risk the vaue of your investment coud fa. Generay invest in a diversified mix of assets or in fixed income bonds issued by higher risk companies. 4 (Medium to high) Funds that typicay invest in shares of companies in the UK or other major stock markets. Fund prices may fuctuate significanty but offer the potentia for good returns over the ong term. 5 (High) Funds that invest in the higher risk sectors (typicay emerging markets or specific themes), offering the greatest potentia for ong-term returns but the highest prices fuctuations and risk to your money. Pease remember the vaue of your fund can go down as we as up and may be worth ess than has been paid in.

9 Risk factors You may aso need to consider specific risk factors of a fund, depending on what it invests in. For exampe, a fund investing in overseas assets wi be affected by the exchange rate. The risk factors of a fund wi be isted on its fund factsheet, avaiabe onine at or you can contact us on for a copy (open Monday to Friday 8am - 8pm, Saturday 8.30am - 5pm and Sunday 10am - 4pm). The definitions of these risk factors are isted beow. Emerging markets The fund invests in emerging markets, these are ess deveoped markets which are generay ess we reguated than the UK. There is an increased chance of poitica and economic instabiity and assets can be more difficut to buy and se. A fund investing in overseas markets is aso affected by currency exchange rates, which wi affect the vaue of the fund. These factors a mean that an investment in an emerging market carries more risk. Smaer companies The fund invests in smaer companies. Smaer companies are generay regarded as more voatie than their arger counterparts. This means that the prices of smaer companies can go up by a arger amount on a day-to-day basis, but aso down by a bigger amount. High yied bonds The fund invests in high yied (non-investment grade) bonds. This means bonds that have a Credit Quaity rating of BB or ess. High yied bonds carry a greater risk than investment grade bonds that the issuer may not be abe to pay interest or return capita. In addition, economic conditions and interest rate movements wi have a greater effect on their price. There may be times when these bonds are not easy to buy or se. In exceptiona circumstances, we may need to deay the cashing in or switching of units in the fund and you may not be abe to access your money during this period. Geared investments The fund hods geared investments. This means that the underying investments incude a eve of borrowing. It is possibe that the fund may suffer sudden and arge fas in vaue compared with a fund that has no geared investments. Long-term investments You shoud aways ook at an investment as a ong-term commitment; this normay means at east five years. You shoudn t invest money that you may need in the short term, but keep it in reserve. Property funds The fund invests substantiay in property funds, property shares or direct property. You shoud bear in mind that: properties are not aways readiy saeabe and this can ead to times in which cients are unabe to dispose of part or a of their hoding. property vauations are made by independent agents, but are utimatey subjective and a matter of judgement. property transaction costs are high (typicay around 7% due to ega costs, vauations and stamp duty), which wi affect the fund s returns. A vauer s opinion often decides the vaue of property investments and it may not be possibe to se property investments immediatey. That means there coud be a deay if you want to move a or part of your investment out of funds investing in property. We may have to deay payments, or transferring or moving your money for up to six months. Exchange rate When funds invest in overseas assets, the vaue wi go up and down in ine with movements in exchange rates as we as the changes in vaue of the fund s hodings.

10 Performance s This fund can a fee dependent upon the fund s performance. Detais of how the fee is cacuated can be found on the reevant fund factsheet. Derivative exposure The fund invests in derivatives as part of its investment strategy, over and above their use for efficient portfoio management. Derivatives are financia contracts whose vaue is based on the prices of other assets. They can be used to: hep reduce the costs and risks of a fund as part of efficient portfoio management. hep reduce the risk of osing money due to changes in the vaue of the underying assets. This is known as hedging. increase profit if the vaue of the underying assets changes as you expect. This is known as specuation. Under certain circumstances, derivative exposure can make a fund more voatie and have a higher risk profie than one that ony invests in, for exampe, equities. When a fund invests in derivatives, it s exposed to the risk that the company issuing the derivative may not honour its obigations, which coud ead to osses.

11 Charges Some funds carry certain s. If a fund has a particuar, you wi see this discosed on the fund centre. This is in addition to your product s (which you wi find detais of in your poicy document). Beow we have defined what the fund s are. Extra management /additiona yeary With certain funds you have to pay an extra ; this refects the extra cost of managing these funds. The you pay wi vary depending on the fund you choose. For bond customers: for funds with a guarantee, the extra wi ony appy up to the guarantee point. Fund manager expense (FMEC) FMECs are additiona s that cover the fund manager s expenses connected with buying, seing, vauing, owning and maintaining the assets in the funds. This is taken into account in the unit price. FMECs may vary from year to year. Tota additiona yeary This is the tota sum of the extra management /additiona yeary and any fund manager expense (FMEC). Annua This is an annua management which is taken into account in the fund s buying or seing price. It isn t expicity deducted from your investment. You can find the daiy fund prices at our onine fund centre visit or ca us on (Monday to Friday 8am - 8pm, Saturday 8.30am - 5pm and Sunday 10am - 4pm).

12 Funds Your financia adviser wi hep you seect the fund(s) most appropriate to your needs, depending on the eve of risk you re wiing to take. Pease note: We review our funds reguary and the detais may change from time to time. The Fund Centre wi aways show the atest information. It is important that you reguary review your funds to ensure they sti meet your needs. The fund factsheet and guide expains more about how each fund has different aims and eves of risk, avaiabe in our Fund Centre via our website,

13 Date: 19/11/2018 Fund Type: MutuaLifePension Fund name Aviva risk rating Fund Type Extra management / additiona yeary Fund manager expense (FMEC) Tota additiona yeary Annua Aberdeen Asia Pacific Equity S Artemis European Opportunities S14 - Equities Artemis Goba Growth S Artemis Goba Income S14 4 Equities Artemis Income S Artemis Strategic Bond S Artemis UK Specia Situations S AXA Framington American Growth S AXA Framington Managed Baanced S AXA Framington UK Seect Opportunities S BackRock 50:50 Goba Equity Index Tracker S BackRock Consensus S BackRock Corporate Bond Index Tracker S BackRock Emerging Markets Index Tracker S BackRock European Equity Index Tracker S BackRock God & Genera S BackRock Japanese Equity Index Tracker S BackRock Over 15 Years Git Index Tracker S BackRock Over 15 yrs Corp Bond Tracker S BackRock Over 5 yrs Index-Lkd Git Tracker S BackRock Pacific Rim Equity Index Tracker S BackRock Stering Liquidity S BackRock UK Equity Index Tracker S BackRock UK S BackRock UK Smaer Companies S BackRock UK Specia Situations S BackRock US Equity Index Tracker S

14 Fund name Aviva risk rating Fund Type Extra management / additiona yeary Fund manager expense (FMEC) Tota additiona yeary Annua BackRock Word (Ex-UK) Equity Index S Bended Portfoio 2 S14 - Bended Portfoio 3 S14 - Bended Portfoio 4 S14 - Bended Portfoio 5 S14 - Bended Portfoio 6 S14 - Bended Portfoio 7 S14 - Mixed asset, Speciaist/Other Mixed asset, Speciaist/Other Mixed asset, Speciaist/Other Mixed asset, Speciaist/Other Mixed asset, Speciaist/Other Mixed asset, Speciaist/Other BNY Meon Long-Term Goba Equity S14 - Equities Corporate Bond S Deposit S Diversified Assets Fund I S Diversified Assets Fund II S Diversified Assets Fund III S European Equity S Fideity American S Fideity Asia S Fideity Emerging Markets S Fideity Moneybuider Dividend S14 4 Equities Fideity MoneyBuider Income S14 - Corporate bonds, Goba bonds Fideity Muti-Asset Strategic S14 - Mixed asset First State Goba Listed Infrastructure S First State Goba Resources S Frankin UK Mid Cap S Git S Goba Bond S Goba Equity S High Yied Bond S

15 Fund name Aviva risk rating Fund Type Extra management / additiona yeary Fund manager expense (FMEC) Tota additiona yeary Annua HSBC Isamic Goba Equity Index S Index-Linked Git S Internationa Index Tracking S Invesco Perpetua Asian S Invesco Perpetua Corporate Bond S Invesco Perpetua Distribution S Invesco Perpetua High Income S Invesco Perpetua Income S Invesco Perpetua Monthy Income Pus S Investec Asia ex Japan S Investec Cautious Managed S Investec Emerging Market Loca Currency Debt S Investec Goba Energy S Janus Henderson Cautious Managed S Janus Henderson European Growth S Janus Henderson European Seected Opportunities S Janus Henderson UK Smaer Companies S14 5 Equities JPM Emerging Markets S JPM US S Jupiter China S Jupiter Ecoogy S Jupiter Merin Baanced Portfoio S14 - Mixed asset Jupiter Merin Income Portfoio S Jupiter Merin Wordwide Portfoio S Kames Ethica Corporate Bond S Kames Ethica Equity S Kames High Yied Bond S

16 Fund name Aviva risk rating Fund Type Extra management / additiona yeary Fund manager expense (FMEC) Tota additiona yeary Annua Kames Investment Grade Bond S Kames Stering Corporate Bond S Liontrust Sustainabe Future Absoute Growth S Liontrust Sustainabe Future Corporate Bond S Liontrust Sustainabe Future European Growth S Liontrust Sustainabe Future Goba Growth S Liontrust Sustainabe Future Managed S Liontrust Sustainabe Future UK Growth S Liontrust UK Ethica S Long Git S M&G Corporate Bond S M&G Goba Dividend S M&G Goba Leaders S M&G Goba Themes S M&G North American Dividend S M&G Optima Income S M&G Strategic Corporate Bond S Man GLG Japan CoreApha S Man GLG Strategic Bond S Managed High Income S Mixed Investment (0-35% Shares) S14 - Mixed asset Mixed Investment (20-60% Shares) S14 - Mixed asset Mixed Investment (40-85% Shares) S14 - Mixed asset Muti-asset Fund I S Muti-asset Fund II S Muti-asset Fund III S Muti-asset Fund IV S

17 Fund name Aviva risk rating Fund Type Extra management / additiona yeary Fund manager expense (FMEC) Tota additiona yeary Annua Muti-asset Fund V S Muti-Manager 20-60% Shares S14 - Mixed asset Muti-Manager 40-85% Shares S14 - Mixed asset Muti-Manager Fexibe S14 - Mixed asset Muti-Strategy Target Income S14 - Speciaist/Other Muti-Strategy Target Return S Newton Goba Income S Newton Internationa Bond S Newton Muti-Asset Baanced S Newton Rea Return S Od Mutua UK Mid Cap S Pacific Equity S Property S Rathbone Goba Opportunities S Schroder Asian Apha Pus S Schroder Core UK Equity S Schroder European Apha Pus S Schroder European Equity Absoute Return S Schroder European Recovery S Schroder Goba Cities Rea Estate S Schroder Goba Emerging Markets S Schroder Tokyo S Schroder UK Apha Pus S Schroder US Mid Cap S Smooth Managed S Standard Life Goba Absoute Return Strategies S Stewart Investors Asia Pacific Leaders S

18 Fund name Aviva risk rating Fund Type Extra management / additiona yeary Fund manager expense (FMEC) Tota additiona yeary Annua Strategic Bond S Threadneede European Seect S Threadneede UK Equity Income S UK Equity Income S UK Equity S UK Index Tracking S US Equity S

19 Other investment options If you re a pension customer, you may have access to a range of autoswitching investment options, caed ifestying or phased switching. With these types of auto-switching options, we make most of the investment decisions, so you don t have to. Idea if you don t want to spend much time managing your investments. We have severa investment options avaiabe, depending on the type of pension pan you have. They a have different risk eves, so if you decide to choose one of these options, make sure it s suitabe for your circumstances and the eve of risk you re comfortabe with. You can access guides to these investment options onine at or give us a ca on to ask for a copy (Monday to Friday 8am - 8pm, Saturday 8.30am - 5pm and Sunday 10am - 4pm). Pease note if you have a workpace pension scheme: As we as the options beow, your empoyer may aso offer different investment options specific to their scheme. There s no guarantee these options are the most suitabe for you. For detais of what these investment approaches are, ask your empoyer. If you re unsure if these options are avaiabe under your pan, check your poicy documents. But as a guide, we have isted which products have access to these types of investment options: Low-invovement investment options (there are no investment decisions for you to make) Mixed Investments Drawdown Lifestye approach and Mixed Investments Annuity Lifestye approach Goba Shares Drawdown Lifestye approach and Goba Shares Annuity Lifestye approach Stakehoder Mixed Investments Drawdown Lifestye approach and Stakehoder Mixed Investments Annuity Lifestye approach Avaiabe for the foowing pension pans: Your Company Pension Your Company Stakehoder Pension Your Persona Pension Miennium Variabe Money Purchase Pan & Variabe Group AVC Pan 98 Series Persona and Group Persona Pensions Defined Contribution Scheme Repacement Avaiabe for the foowing pension pans: Your Company Pension Your Company Stakehoder Pension Your Persona Pension Miennium Variabe Money Purchase Pan & Variabe Group AVC Pan 98 Series Persona and Group Persona Pensions Defined Contribution Scheme Repacement If you have one of the foowing pans, you wi automaticay be invested in the Stakehoder Mixed Investments Annuity Lifestye approach; uness your empoyer has made an aternative choice for you, or you make your own investment decisions. This approach is ony avaiabe to Aviva stakehoder pension panhoders where no investment choice has been made. You can t choose this investment approach. Your Company Stakehoder Pension Stakehoder Pension Your Aviva (Stakehoder Pension) (SQ poicies)

20 High-invovement investment options (you wi have to make some or a of your investment decisions) Sef-stye Drawdown approach and Sef-stye Annuity approach Phased Switching Drawdown approach and Phased Switching Annuity Choose your own funds Avaiabe for the foowing pension pans: Your Company Pension Avaiabe for the foowing pension pans: Your Company Pension An option avaiabe to a, you can choose from your own range of funds with no auto-switching eement. Your Company Stakehoder Pension Your Company Stakehoder Pension Your Persona Pension Your Persona Pension Miennium Variabe Money Purchase Pan & Variabe Group AVC Pan Miennium Variabe Money Purchase Pan & Variabe Group AVC Pan 98 Series Persona and Group Persona Pensions 98 Series Persona and Group Persona Pensions Defined Contribution Scheme Repacement Defined Contribution Scheme Repacement Persona Pension Stakehoder Pension Your Aviva Your Pension Aviva

21 What happens next? Now that you ve read through this guide, you might want to take action. Here s what to do, depending on your circumstances. Firsty, if you re thinking about switching the funds you re invested in, we recommend you speak to a financia adviser. If you don t aready have one, you can find one in your oca area at If you re a new customer Your appication options wi differ depending on the product you want to invest through. Pease foow the appication process for your product, making your investment choices when you are asked for them. If you re an existing endowment customer Ca us on Monday to Friday 8am - 8pm Saturday 8.30am - 5pm Sunday cosed Cas may be recorded If you re an existing bond customer Ca us on Monday to Thursday 8am - 8pm Friday 8am pm Saturday 8.30am - 2pm Sunday cosed Cas may be recorded If you re an existing pension customer Ca us on the number shown on your annua statement. Onine Some pension pans can benefit from using MyAviva to monitor and make changes to your pension pan. You need to register with MyAviva to be abe to do this. Visit

22 Aviva Life Services UK Limited. Registered in Engand No Aviva, Weington Row, York, YO90 1WR. Authorised and reguated by the Financia Conduct Authority. Firm Reference Number aviva.co.uk GN /2018 Aviva pc