What you need to know before you invest

Choosing where to invest your money doesn’t have to be anywhere near as difficult as you might think.

There are options to suit all levels of knowledge - and to suit however involved (or not) you want to be with managing your investments. The descriptions below are intended to help you understand your choices, but remember not all options are available with all pension investments.

These are the factors that will play a part in your choice. Reading through them will help you make the right choices for you.

 1. How involved do you want to be?

You could get heavily involved with how your pension is invested - or you could take more of a back seat. It's completely up to you.

When you became a member of the company pension scheme, your money was automatically invested for you. If you don't want to choose what to invest in, this could be a good option for you.

If you don't want to be heavily involved in the ongoing management of your pension savings, lifestyle profiles gradually and automatically move your investments into funds that prepare your pension savings for retirement.

Whichever option you go for, remember it's easy to check how your investments are performing, and to change where your money is invested.