Page 15 - BoAML Plan Handbook 17 V2.0

Investments

Your choices

The value of your Member Account depends on: Helpful tools Changing your investments
Lifestyle
1. the level of contributions paid into your Member • Visit www.baml.com/pensionupdate for information You can change how your Member Account is invested at
Account, and The Lifestyle ‘do it for me’ approach is where the about the tools and resources to help with your investments any time on the Plan administration website. Either use the
day-to-day investment decisions are made on your behalf. links to SSO via HR Connect or via HR Interchange if you
2. the investment returns achieved on these contributions. and retirement planning.
There are three Lifestyle approaches to choose from – are an MBNA employee (see page 6 for details) or go to
Therefore, it is essential that you understand your investment Thames, Severn and Tay – which vary in the way they • Find out what sort of investor you are and what options may www.hartlinkonline.co.uk/boaml.
options so that you can make the right decision for you and balance potential for growth, and the type and level be right for you at www.baml.com/investmentprofiler.
your personal circumstances. of risk they take at different stages. • Discover the effect changing the assumed investment returns Alternatively, you can complete and return an Investment
from your invested funds has on your estimated savings Decision form; you can download a copy of the form at the
You can either choose one of the three Lifestyle options – Lifestyle members also have a choice of three options for the from the Plan. Use the Pension Planner – available on links above.
or one or more of the 19 Freestyle funds. Pre-retirement phase of their Lifestyle – depending on how
they plan to access their savings. the Plan administration website. Use the links to SSO via Please note: if you choose the Freestyle approach, you can
The following pages set out simple steps to help you choose HR Connect or via HR Interchange if you are an MBNA choose different investment funds for your existing and
what’s right for you. The most important thing is that you employee (see page 6 for details) and all members can go future assets.
take control and review your choices regularly. to www.hartlinkonline.co.uk/boaml.
OR
There are two ways you can invest your Member Account:
Lifestyle and Freestyle. Your choice may be influenced by your
age and your attitude to investment risk, as well as how much Professional advice
control you want over your Member Account. Freestyle
The Plan Administrators, Trustee and your employer cannot give you financial or investment advice. If you are not sure
The Freestyle ‘do it yourself’ approach allows you to what is right for you, we strongly recommend you get professional advice (see page 37 for details).
select investment funds yourself. You choose the funds
in which your Member Account is invested and when. The Government provides free and impartial guidance to individuals in defined contribution (DC) plans on how they can
access their savings from age 55 through its pension guidance service – Pension Wise. The guidance is provided over
the phone by The Pensions Advisory Service and in person by the Citizens Advice Bureau. For more information, visit
www.pensionwise.gov.uk.

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