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Investment Guide Version 1.1 September 2020

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Investment Guide Version 1.1 September 2020 Du Pont (U.K.) Limited Pensions Fund – DC Section Investment Guide Version 1.1 September 2020. AV485372_AENGS133C_MM30169_0920.indd 1 9/16/20 8:47 PM p2 | Investment Guide Investment Guide Contents 4 Choosing how to invest your Workplace Retirement Account 6 Explaining investments. What choices do I have? 8 How the funds are managed 9 Working out your attitude to investment risk 11 Risk ratings 12 Charges and expenses 13 Investment options 14 Lifestyles Potential advantages and disadvantages to 19 investing in a Lifestyle 20 Self-Select fund options 26 Reviewing and switching 27 Help and further information 28 Appendix. Fund risk warnings AV485372_AENGS133C_MM30169_0920.indd 2 9/16/20 8:47 PM Investment Guide | p3 This guide explains some of the basics of investment, the choices you have and the things you will 4 Choosing how to invest your Workplace Retirement Account About this guide need to consider. 6 Explaining investments. What choices do I have? This investment guide is produced by Aviva on behalf of the 8 How the funds are managed Trustee of the Du Pont (U.K.) Limited Pensions Fund (the Fund). 9 Working out your attitude to investment risk This guide explains how you can invest your Workplace 11 Risk ratings Retirement Account (Account) within the DC Section of the Fund (the DC Section). If you are not confident about making 12 Charges and expenses your own investment choices you can remain in the Fund’s default investment solution. 13 Investment options You should ensure that you read the member guide which can 14 Lifestyles be found online at https://library.aviva.com/aengs133a.pdf. Potential advantages and disadvantages to The member guide explains how the Fund works. 19 investing in a Lifestyle Our role as Trustee 20 Self-Select fund options We, as Trustee of the Fund, have a legal benchmarks. If the investment funds are duty to ensure that the Fund offers a not performing as we would expect, we 26 Reviewing and switching choice of high-quality investments may decide to change them. for you to choose from. We do this Should we choose to close or replace a by taking advice from investment fund, please be assured that we will notify 27 Help and further information experts and regularly reviewing how you in advance and explain the choices the investment funds are performing you have. 28 Appendix. Fund risk warnings against our expectations and the relevant AV485372_AENGS133C_MM30169_0920.indd 3 9/16/20 8:47 PM p4 | Investment Guide Choosing how to invest your Workplace Retirement Account The Fund is designed to help you save for your retirement. When you retire, your Account can be used to purchase benefits for you and your dependants. The Fund provides you with two options for Why is investment important? investing your Account: The contributions you make and those from Option 1 – Lifestyle – you can decide to your DuPont employer (the Company) are invest your Account in one of three Lifestyles. paid into your Account. These contributions One of the Lifestyles is the Fund’s default are then invested in funds with the potential investment solution. More information on to increase in value over the long term. the Lifestyles can be found on page 14. A pension scheme should seek to get the Option 2 – Self-select – you can choose your best return possible for your savings whilst own portfolio of funds from a prescribed list. balancing this with the level of risk you are More information on the self-select funds comfortable with. Taking risk is a critical available to you can be found on page 20. factor in determining the level of returns you could achieve. Therefore, choosing the funds you want to invest in and the level of risk you wish to take are very important decisions. Please be aware that the value of an investment is not guaranteed and can go down as well as up. You could get back less than has been paid in. AV485372_AENGS133C_MM30169_0920.indd 4 9/16/20 8:47 PM Investment Guide | p5 Do I have to choose my and you should be aware of these before own investments? you make your decision. More information on charges can be found on page 12. The Trustee have chosen a default • When you want to retire or start taking investment solution for members who do your pension benefits. A pension is a not wish to choose their own investments. long-term investment and usually the When you join the Fund, contributions will longer you save for, the better. initially be invested in the default investment • How much you need in retirement. solution, which is called the Default Lifestyle You will need to consider the amount of (Cash). You can find out how the Default income you are aiming to retire with. Lifestyle (Cash) works on page 14. Once you have made these decisions, you Contributions will continue to be invested should be better prepared to make your in the Default Lifestyle (Cash), unless you investment choices with your retirement choose to invest in one or more of the other goals in mind. funds available to you. I’d like to choose my own Review your investments; where do I start? choices regularly If you decide to make your own investment You should regularly review choices, there are a number of things you the funds you choose to need to consider: invest in as the ones you • The performance of the funds you choose now may not be right choose helps to determine the value of for you as your circumstances your Account. change, especially as you get • The level of investment risk you are closer to retirement. prepared to take. You want to get the best return for your investment but this has If you are unsure about to be balanced against the risk you are making investment decisions willing to accept. you may wish to speak to a • The charges applicable. Each investment financial adviser. You may be fund has charges, that are payable by you, charged for this advice. AV485372_AENGS133C_MM30169_0920.indd 5 9/16/20 8:47 PM p6 | Investment Guide Explaining investments. What choices do I have? Typically, investments fall into four main categories, known as “asset classes”. You choose which funds you invest your Account in. Generally each fund offered by Aviva invests in one of four main asset classes which are described below: 1 Money market 2 Fixed Interest (Bonds) The ‘money market’ is a mechanism These are loans to a government or a for short-term borrowing and lending company which pay a fixed interest rate between organisations. Money market for a set period until the loan is repaid to investments typically include what are the investor. The most common bonds described as ‘near-cash instruments’, such are government bonds (known in the UK as certificates of deposit, floating-rate as “gilts”) and corporate bonds (issued by notes and treasury bills. They are not to companies). If a government or company be confused with deposit accounts with defaults on the loan, then the interest will banks or building societies. not be paid. For this reason fixed interest investments are seen as relatively low Although less risky than other asset classes, risk, because of the low likelihood of a there could be circumstances where these government or company defaulting. investments fall in value. Their value could also be eroded over time due to the effects of fund charges, product charges and inflation. AV485372_AENGS133C_MM30169_0920.indd 6 9/16/20 8:47 PM Investment Guide | p7 A balanced approach 3 Property Some investors like to spread their investments across funds that invest in Property investment usually means a range of asset classes that can include commercial property, such as offices and equities, bonds, property and money retail, leisure and industrial developments. markets, as well as across different parts It can also include residential property. As of the world. This aims to reduce the well as the potential increase in their value, overall risk of their total investments and property investments can also produce is known as diversification. The fund range rental income. Property can be subject to available to you includes funds that invest heavy falls and sharp increases in value. across different asset classes. There are It can also take more time to buy and no guarantees with a diversified approach sell property than investments in other as all funds carry an element of risk. asset classes. 4 Equity Equities are also known as Shares. Shareholders have a ‘share’ in a company’s assets. Equities are bought and sold on stock markets and their value can go up or down depending on the fortunes of the company and stock markets in general. Companies may also pay a share of profits to shareholders, known as dividends. While there is more opportunity for potential gains with equity funds than some other asset classes, there is also greater risk that they will fall in value. AV485372_AENGS133C_MM30169_0920.indd 7 9/16/20 8:47 PM p8 | Investment Guide How the funds are managed Funds are managed differently Not only do funds invest in different types of assets, they are also managed in different ways. Aviva have grouped together the available funds, based on the way they are managed. Index (or passively managed) funds Actively managed funds An index fund aims to copy the performance The fund manager actively buys and sells of a particular index of a specific financial investments with the aim of achieving higher market, such as the FTSE 100 Index. It does returns than the fund’s benchmark.
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