Changes to the default investment fund
The Plan Trustee is making changes to the default investment option in the DC Section of the Plan.
In summary, members invested the default fund will be affected as the changes will:
- Invest some of your pension savings in environmentally and socially responsible investments
- Aim to target a slightly higher return on your pension savings
- Increase the overall risk level of the investments
- Lower the costs for members
You do not need to take any action. If you are invested in the default fund, this change will automatically apply to you. If you are not invested in the default fund, this change will not affect you.
This leaflet sets out more of the details behind the changes.
The Telefónica Pensions Team