Is Navigator right for you?
Navigator automatically steers your pension based on your age.
It’s right for you if:
- You’re prepared to take a bit more risk to grow your pension when you’re younger, and less when you’re older.
- You want your pension to stay invested during your retirement and when you’re taking money from it.
- Your retirement’s a long way off and you haven’t quite decided how and when to retire.
It’s not right for you if:
You want to take all your pension on a fixed day, either as cash or to buy an annuity.
Highlights
- When you’re younger, your money’s invested in our Adventurous Growth approach – with higher potential to grow your money in the longer term.
- When you turn 51, we gradually start moving it into our Careful Defensive approach – for more stability, but with slower growth.
- Our experts invest your money globally to give it more chances to grow and to spread the risk.
Remember, the value of investments can go up and down, so you may get back less money than you put in. Tax depends on your individual circumstances and the regulations may change in the future.
How is your money invested?
Up until the age of 51, we invest your money in Octopus Growth Fund 3 – our Adventurous Growth approach. It’s higher risk but can generate higher returns – and you’ve got plenty of time to ride out the market ups and downs.
When you’re 51, we gradually move some of your money into Octopus Defensive Fund – our Careful Defensive approach – each year until you’re 65. This blend of approaches keeps your money growing, while reducing those ups and downs ready for you to start taking it out. Best of all, it’s all done for you.
Percentage invested in each fund by age
Explore both funds
Learn about our investment mix
Higher potential returns and risk
Lower potential returns and risk
The investment mix shows you how much of your money typically goes into the higher risk investments with higher potential returns, and how much goes into the lower risk investments with lower potential returns.
For more info, check out our guide investing money and the risks.
Octopus Growth Fund 3
This is the highest risk choice out of our three growth approaches, aiming for higher returns.
Read more about this fund.
Investment mix
90%
Typically high risk
10%
Typically low risk
Octopus Defensive Fund
When stability is more important than growth, this lower risk and slower growth approach is designed to keep things steady. Read more about this fund.
Investment mix
15%
Typically high risk
85%
Typically low risk
Key information
In our important documents you’ll see our Careful Defensive approach and Adventurous Growth approach, which refers to our Octopus Defensive Fund and Octopus Growth Fund 3. Before applying, please make sure you’ve read the following.
Key Investor Information Document – Octopus Growth Fund 3 and Octopus Defensive FundApply for Navigator pension
Know enough about Navigator and just want to get going?
Prefer to be in the driving seat?
If you want to take the controls and follow your own investment route for retirement, Self-Drive could be for you.
Got a question?
We’ve got an answer.
Can I switch between Navigator and Self-Drive pension?
Yes. It’s a good idea to review your pension and how it’s invested every so often. Once your pension is open, you can switch between Navigator and Self-Drive pension easily. Just sign in to Online Service and follow the on-screen instructions.
How will I know how my investments are performing?
Use the app or sign in to Online Service and track the performance of your investments – we update your account balance every day. You’ll also get a statement every six months.
What charges will I pay?
Our charges are up to 0.75% in total each year, based on the value of your account. This is made up of two clear and simple charges.
An Account Charge, which is 0.30% of your investments. This is collected from your account by cashing in a small number of investment units each month.
An Annual Management Charge, which is up to 0.45% of your investments. This is collected by making a small adjustment to the unit price of your investment each day.