Changes to your investment options
03 October 2020
We recently told you about some changes we’re making to the investment options available to DC Section members. You’ll find a summary of these changes below.
Adding a Responsible Investment (RI) Equity Fund into the Multi-Asset Lifestyle Profile
RI equity funds invest in companies that have met certain ethical and environmental standards. We believe this will be an attractive option for many members. Therefore we have included an RI equity fund, the PSPS Responsible Investment Equity Fund, within the Multi-asset Lifestyle Profile. If you invest your Personal Account using the Multi-asset Lifestyle Profile, 5% of your total allocation to equities will be invested in this new fund.
The PSPS Responsible Investment Equity Fund is also available to members who prefer to use the Self-Select investment option.
The introduction of a new manager into the PSPS Diversified Growth Fund (DGF)
We’ve introduced a third investment manager, the M&G Episode Allocation Fund, into the DGF. This new manager is expected to improve the returns achieved by the DGF because it uses a different management style to those adopted by the existing managers.
The assets of the DGF are split broadly equally between the three managers.
You’ll find more information about these changes in the digital version of Overview. Simply go to the Scheme website and click on the ‘Digital Overview‘ button.