Money Purchase Plan

In the Money Purchase Plan, the aim is also to invest assets in order to achieve long-term growth to fund a pension in retirement. However, members take responsibility for deciding where they want their pension savings to be invested, within the fund choices offered by the Trustee.

This individual pension account will be invested as you choose until you retire, when it will be used to purchase a pension (or annuity). The size of your pension will therefore be directly affected by the performance of the investments you select, so money purchase members should take particular interest in this section of the website.

The Trustee's primary objectives are:

(i) To achieve an investment return for the equity fund that will exceed average wage inflation.

(ii) To seek to maximise members' benefits, but taking account of the timing and method by which the benefits will be provided.

(iii) To offer members a choice regarding the degree of potential investment return and risk inherent in the investment of their own pension monies.