The Trustee of The Pearson Pension Plan (the Plan) has decided to make some changes to the investment options available to Plan members. Changes to the investment options will start from 20 October 2021. As a result, members will not be able to make any investment changes or access Aviva’s secure online membersite between 20 October 2021 and 3 November 2021.
During this period the following changes will take place:
- the BlackRock over 15 Year corporate bond fund will be replaced with the BlackRock short duration credit fund in all three lifecycle options
- the Blended index linked gilt fund will be replaced in the annuity lifecycle option with the Annuity targeting fund
- the default investment option for additional voluntary contributions (AVCs) will be changed from the cash lifecycle option to the drawdown lifecycle option
- BMO responsible global equity fund will be added to the self-select option range
Changes to the annual management charges
Aviva has agreed to reduce the annual management charges (AMCs) for almost all the investment funds available to members of the Plan.
To find out more information about the investment changes, as well as the new AMCs, please visit our investment change webpage.