The HSBC Bank (UK) Pension Scheme

Manage your investments

The Scheme provides a wide range of investment options and the Trustee invests your DC pension pot in line with your investment choice(s). If you haven't made your own investment choice the default option, for most members, for your DC pension pot and any future contributions is the Lump Sum Strategy. You can make up to 12 changes to your DC investments per year free of charge. The value of your DC pension pot is not guaranteed and will rise and fall in line with the price of the investment funds used for your investment choice.

It is also worth noting that your Target Retirement Age (TRA) is important and you should regularly review the age at which you’ve chosen to take your benefits. This is because the automatic changes to the investment mix used by the targeted strategies (and the former Lifecycles) are based on the period to your TRA. If you don’t make a choice then the Trustee will set yours at 65.

View and manage your investments

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Manage your investments

You have four current investment options:

For more information on the legacy options (such as Lifecycle 2, Capital Lifecycle and the Cash Lifecycle) please refer to the DC Investment Guide which can be found on the Member Guides tab of the Information Centre.

DC Fund factsheets

The DC Fund factsheets are now available in the Information Centre.

Go to DC Fund factsheets

Find out more about your investment options

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More Information

Default investment strategy 

The Trustee has made available a range of investment funds for members. Each member is responsible for specifying one or more funds for the investment of their account, having regard to their attitude to the risks involved. If a member does not choose an investment option, their account will be invested into the default option applicable to them, which is managed as a “lifecycle” strategy (ie it automatically combines investments in proportions that vary according to the time to retirement age). The lifecycles are 100% invested in equities until twenty years from a member’s target retirement age from which point they transition gradually into less risky assets appropriate to the outcome targeted.

Value for money for members 

The Trustee carried out a value for members’ assessment, looking back over the Scheme year to 31 December 2019. The Trustee is required to assess the extent to which member borne charges and transaction costs for the Scheme Year represent good value for members.

Illustration of charges and disclosures costs 

The Sponsoring employer currently pays the AMC platform expenses and administration costs. Additional expenses (“AE”) are covered by members and are those costs incurred in the management of the underlying funds which are, by nature, flexible and therefore fall outside of the AMC. The Trustee has provided an illustration of the impact of the charges and costs on members pension pots for the default options and four funds from the Freechoice range.