“Do It For Me” which is the default option
Do it for me is designed for those who:
Do not feel comfortable making regular investment decisions.
Do not want to review their investment selection regularly as they approach retirement.
Would prefer to select an automated approach that switches their funds for them into less risky funds (like bonds and cash) as they approach retirement as follows:
|Growth Phase||more than 20 years from retirement||High Risk/Return Growth Strategy (PDF 127KB)|
|Transition Phase||between 6 and 20 years before retirement||Medium Risk/Return Growth Strategy (PDF 131KB)|
|Consolidation Phase||last 6 years before retirement||EMPOWER Cash Fund
EMPOWER Pension For Life Fund
Low Risk/Return Growth Strategy (PDF 127KB)
“Do It Myself” which allows you to take control of your investment choices
Do it myself is designed for those who:
Want greater control over their pension investments.
Understand investment decision making and are comfortable with the idea of selecting investment funds.
Are happy to review their investment approach regularly, taking particular care as they approach retirement.
Want access to specific investments.
Know how they would like to take their benefits at retirement (cash, pension, ARF).