Defined Contribution Section
From 1 October 2012, there will be some changes to the
investment choices offered by The Church of England Pensions Board
(the Board) to members of the Defined Contributions section of the
Church Administrators Pension Fund.
Following a thorough review carried out by the Board with the
assistance of its investment advisers, Legal & General
(L&G) has been chosen to continue as the investment
manager. L&G have a solid track record and offer the type
of investment funds the Board wants to make available to members at
What can I invest in?
There are three basic approaches that you can take: you can use
the default investment choice (known as the 'lifestyle option'),
you can choose an ethical version of this (known as the 'ethical
lifestyle option'), or you can choose one or more funds from the
list below (choosing your own funds is known as 'freestyle'
What are the changes from 1 October 2012?
The major changes are:
- The current balanced equity fund invests 60% of contributions
in UK equities (company shares) and 40% in overseas equities.
The Board has decided that this should be replaced with an equity
fund that invests 30% in UK equities and 70% in overseas equities
as this provides a wider investment spread than the current fund
and reduces the investment risk to you;
- The Board currently provides only one 'lifestyle' option and
that does not include an 'ethical' investment option. The
Board has arranged for an 'ethical' version of the lifestyle option
to be available for members who would prefer that approach;
- The Board has introduced an investment fund that enables
members to invest in corporate bonds.
The revised investment options will be:
L&G has a client site which contains details for the
existing funds and will include the new funds after 1 October
2012. You can access the L&G client site at www.lgim.com/clientsite. Details of the
username and password are available from the Pensions Board.
Fact sheets for each fund are available by following the links
above and an investment guide is also available to
If you have any questions please Contact the Pensions