Investment FAQs

How do investments work?

The aim is to try to increase the value of your pension account to give you more money when you reach retirement. Click here to watch our video ‘investments explained’. For further information, visit the Investments section of the site.

How are my pension contributions invested?

Your contributions are automatically invested when you pay them to the Scheme. If you haven’t chosen where to invest them, your contributions will be invested in the default investment strategy. This is the Drawdown Lifecycle Strategy (also known as the 'Do it for me' option). For further information, please go to the investment pages.

How can I view and change my investments?

You can view and change your investment choices by logging in to your Personal Account at

What if I want to invest in funds that aren’t available through the AXA UK Group Pension Scheme?

You do have the option to partially transfer out the money in your Personal Account to another registered pension scheme. You have to leave at least £1,000 in your pension account to keep it active. If you’re interested in doing this, then please contact Aegon.

What if I can’t decide where to invest my Account?

If you’d like any advice on how you should invest your money, then you will need to speak to a financial adviser. You can find a financial adviser in your area at

Do I need to worry if I make investment losses?

The nature of equities and bonds means that their value can go up and down over time. This is to be expected, and so you are likely to make investment losses from time to time. However, a pension is a long term investment, and so the expectation is that despite negative set-backs, growth assets will deliver growth over the long term.

Do I have to pay any investment management fees?

Many of the costs associated with running the Scheme are met by AXA, but there are some costs involved in the investment of your fund that you have to pay. These are the Total Expense Ratios, and they are shown on the fund factsheets. The fees are factored into the prices used to calculate the value of your Personal Account, so you won’t see them deducted, but you might want to take them into consideration when you are deciding where to invest your money.