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Fund Selection

Here at Smart Pension we want to put you in control of your investments. We offer you a unique opportunity to choose how your funds are invested and managed with Smart Pension Fund Selection. It is important to consider how your funds are invested because it can affect the amount of money you have when you reach retirement. This service is available to all Smart Pension members enabling them to plan for the future. We have a variety of strategies for you to choose from, alternatively you can opt to manage how your funds are invested yourself (just be sure to keep an eye on them).

How much risk do you want to take?

See which column of statements most applies to you to help you choose the level of risk you want to take.

Higher risk

Moderate risk

Lower risk

Other retirement savings

You will have significant income when you retire from other sources, for example from another pension scheme or from property.

You will have some income from other sources, but your Smart pension will make up a reasonable part of your total income.

You will rely on your Smart pension for most of your retirement income.

Ability to top up

You can afford to pay extra into your account if your investments shrink.

You can afford to pay a limited amount of extra money into your account if necessary.

You have little scope to top up your retirement savings.

Ability to delay retirement

You can work longer or delay taking money from your account if your investments shrink before you retire.

You could work a little while longer or have a short delay taking money from your account.

You could not keep working or delay taking money from your account.

Age

You have a long time before you retire, so your investments have time to recover if they fall.

You are a few years from retirement and could recover from a slight fall in your investments.

You are close to retirement and could not cope if your investments fell.

Attitude

You are happy to take risks and prepared for your investments to fall if it gives you the chance of greater gains.

You are comfortable with a moderate amount of risk for extra growth, but not too much.

You prefer safety and are willing to forgo the chance of extra growth if it gives you greater stability.

  • Lower risk

    Other retirement savings

    You will rely on your Smart pension for most of your retirement income.

    Ability to top up

    You have little scope to top up your retirement savings.

    Ability to delay retirement

    You could not keep working or delay taking money from your account.

    Age

    You are close to retirement and could not cope with if your investments fell.

    Attitude

    You prefer safety and are willing to forgo the chance of extra growth if it gives you greater stability.

  • Moderate risk

    Other retirement savings

    You will have some income from other sources, but your Smart pension will make up a reasonable part of your total income.

    Ability to top up

    You can afford to pay a limited amount of extra money into your account if necessary.

    Ability to delay retirement

    You could work a little while longer or have a short delay taking money from your account.

    Age

    You are a few years from retirement and could recover from a slight fall in your investments.

    Attitude

    You are comfortable with a moderate amount of risk for extra growth, but not too much.

  • Higher risk

    Other retirement savings

    You will have significant income when you retire from other sources, for example from another pension scheme or from property.

    Ability to top up

    You can afford to pay extra into your account if your investments shrink.

    Ability to delay retirement

    You can work longer or delay taking money from your account if your investments shrink before you retire.

    Age

    You have a long time before you retire, so your investments have time to recover if they fall.

    Attitude

    You are happy to take risks and prepared for your investments to fall if it gives you the chance of greater gains.

Choose your own investments

You can choose your own investments from our selection. Remember that if you choose your own investments, you must keep an eye on them, changing them if you think necessary. Read more about choosng your investments in our investment guide.

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Equity Investments

info Equities are shares in companies. The value of a share depends on the company's performance.

  • Smart UK FTSE 100 Equity Index Fund
  • Smart World (ex UK) Developed Equity Index Fund
  • Smart North America Equity Index Fund
  • Smart World Emerging Markets Equity Index Fund
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Fixed interest

info Bonds are loans to companies or governments. Loans to the UK Government are called "Gilts."

The company or government promises to pay back the amount of the loan at an agreed time in the future.

  • Smart All Stocks Index – Linked Gilts Index Fund
  • Smart Overseas Bond Index Fund -GBP Hedged
Cash Fund

Cash

info Cash asset classes invest money in secure accounts or short term loans between banks.

They offer the lowest risk of loss and therefore the lowest potential for growth.

  • Smart Cash Fund
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Specialist funds – Pre/At Retirement

  • Smart Income Fund
  • Smart Annuity Fund
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Other Specialist Funds

  • Smart Ethical Global Equity Index Fund
  • Smart Sharia Fund

How much we charge you

We charge a percentage of your investments each month for managing and investing your pension. This is the Annual Management Charge (AMC). Some investments have extra operating costs which we add to the AMC. This total charge is called the Total Expense Ratio (TER).

The risk ratings give an indication of the potential level of risk and reward, based on the asset class of the investment. The funds' investment managers have given us these ratings. They are not based on any industry standard, so you can't use them to compare with investments outside Smart pension. Here are the AMC, TER and risk levels for each investment fund.

  • assessment Smart Growth Fund - Higher risk

    This fund carries a higher risk of fluctuation to your savings but has the potential for high growth, though this is not guaranteed.

    AMC*

    0.75%

    TER**

    0.75%

    Risk rating†

    5

  • assessment Smart Growth Fund - Moderate risk

    This fund has been created so that it will typically suit most our members, it has the medium level of risk of these funds.

    AMC*

    0.75%

    TER**

    0.75%

    Risk rating†

    5

  • assessment Smart Growth Fund - Lower risk

    This fund carries the lowest risk of loss but also reduced likelihood of a high return, but it may be suitable if you are concerned about volatility.

    AMC*

    0.75%

    TER**

    0.75%

    Risk rating†

    5

  • assessment Smart De-risking Fund

    This fund has been created so that it will typically suit most of our members who are approaching their target retirement age and would like a lower level of volatility than the Smart growth

    AMC*

    0.75%

    TER**

    0.75%

    Risk rating†

    4

  • assessment Smart Lower Risk Fund

    This fund has been created so that it will typically suit most of our members who are approaching their target retirement age and would like an even lower level of volatility than the Smart growth funds and the de-risking fund.

    AMC*

    0.75%

    TER**

    0.75%

    Risk rating†

    2

  • Smart UK FTSE 100 Equity Index Fund

    Aims to track the return of the FTSE 100 Index, which contains the largest listed companies on the UK stock market.

    AMC*

    0.75%

    TER**

    0.75%

    Risk rating†

    5

  • Smart World (ex UK) Developed Equity Index Fund

    Aims to track the performance of the FTSE Developed (ex UK) Index, which provides broad exposure to large and mid-cap companies in the developed world, excluding the UK.

    AMC*

    0.75%

    TER**

    0.75%

    Risk rating†

    5

  • Smart North America Equity Index Fund

    Aims to track the return of the FTSE USA Index, which provides broad exposure to companies in the North American equity market.

    AMC*

    0.75%

    TER**

    0.75%

    Risk rating†

    5

  • Smart World Emerging Markets Equity Index Fund

    Aims to track the return of the FTSE All-World Emerging Index, which provides access to key emerging economies including Brazil, Russia, India and China.

    AMC*

    1.12%

    TER**

    1.12%

    Risk rating†

    6

  • Smart All Stocks Index - Linked Gilts Index Fund

    Aims to track the return of the FTSE Actuaries British Government Index - Linked All Stocks Index, which features UK government bonds with returns linked to the Retail Price Index (RPI).

    AMC*

    0.75%

    TER**

    0.75%

    Risk rating†

    5

  • Smart Overseas Bond Index Fund - GBP Hedged

    Aims to invest in different types of bonds, including corporate and government bonds both in the UK and overseas.

    AMC*

    0.85%

    TER**

    0.85%

    Risk rating†

    5

  • Smart Cash Fund

    Aims to maintain capital and provide a return in-line with money market rates by investing in a range of money market securities denominated in sterling.

    AMC*

    0.75%

    TER**

    0.75%

    Risk rating†

    2

  • Smart Income Fund

    Aims to provide long-term investment growth up to and during retirement, to facilitate the drawdown of retirement income.

    AMC*

    0.75%

    TER**

    0.75%

    Risk rating†

    5

  • Smart Annuity Fund

    Aims to invest in a way which matches the broad characteristics of investments underlying the pricing of a typical non-inflation linked annuity.

    AMC*

    0.75%

    TER**

    0.75%

    Risk rating†

    4

  • Smart Sharia Fund

    Aims to create long term appreciation of capital through investment in a diversified portfolio of securities which meets Islamic investment principles.

    AMC*

    1.01%

    TER**

    1.05%

    Risk rating†

    5

  • Smart Ethical Global Equity Index Fund

    Aims to track a filtered index, which excludes companies that operate in industries that breach certain ethical criteria.

    AMC*

    0.87%

    TER**

    0.87%

    Risk rating†

    5

  • Smart Future Fund

    Aims to replicate the asset allocation, performance and risk profile of our default fund. It incorporates additional criteria that revalues the weighting of each investment depending on their Environmental, Social, and Governance score.

    AMC*

    0.75%

    TER**

    0.75%

    Risk rating†

    5

* Annual Management Charge (AMC) is a percentage we charge your investments each month for managing and investing your pension.

** The Total Expense Ratio (TER) is the total charge which consist of any extra operating costs which we add to the AMC.

† The risk ratings give an indication of the potential level of risk and reward, based on the asset class of the investment.

Read Smart Pension's investment guide

Investment Guide

Legal

The aim of this guide is to give general information about investments, and choosing the right investments for you within the Smart Pension Master Trust. It does not give personal advice. If you need personal advice then you should speak to an independent financial adviser. Remember that the value of investments is not guaranteed and will go down as well as up and may fall below the original investment amount. You should not see past performance as an indication of future performance. The Smart Pension Master Trust is governed by a document known as the trust deed and rules. In the event of any differences between the trust deed and rules and this guide, the trust deed and rules will apply. Where links are given to external websites in this guide, neither Smart Pension Limited nor the Trustee of the Smart Pension Master Trust are responsible for the content of those websites.

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