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Is Navigator right for you?

Navigator steers your pension automatically based on your age, helping you make smart decisions. It aims to grow your pension when you're younger, then adds more stability as you approach retirement.

It’s designed to give you flexibility when making your retirement plans, so you don’t need to decide how or when you’ll retire until you’re ready.

Download Key Information

Highlights

  • When you're younger, your money's invested in our Adventurous Growth approach - with higher potential to grow your money in the longer term.
  • When you turn 51, we gradually start moving it into our Careful Defensive approach - for more stability, but with slower growth.
  • Our experts invest your money globally to give it more chances to grow and to spread the risk.
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Remember, the value of investments can go up and down, so you may get back less money than you put in. Tax depends on your individual circumstances and the regulations may change in the future.

How your money's invested

Up until the age of 51, we invest your money in our Adventurous Growth approach. It’s higher risk but can generate higher returns – and you’ve got plenty of time to ride out the market ups and downs.

When you’re 51, we gradually move some of your money into our Careful Defensive approach each year until you’re 65. This blend of approaches keeps your money growing, while reducing those ups and downs ready for you to start taking it out. Best of all, it’s all done for you.

Percentage invested in each approach by age

Key:
0%
50%
100%
  • 40: 100%
    40: 0%
    40
  • 41: 100%
    41: 0%
  • 42: 100%
    42: 0%
  • 43: 100%
    43: 0%
  • 44: 100%
    44: 0%
  • 45: 100%
    45: 0%
    45
  • 46: 100%
    46: 0%
  • 47: 100%
    47: 0%
  • 48: 100%
    48: 0%
  • 49: 100%
    49: 0%
  • 50: 100%
    50: 0%
    50
  • 51: 97%
    51: 3%
  • 52: 94%
    52: 6%
  • 53: 91%
    53: 9%
  • 54: 88%
    54: 12%
  • 55: 85%
    55: 15%
    55
  • 56: 81%
    56: 19%
  • 57: 77%
    57: 23%
  • 58: 73%
    58: 27%
  • 59: 69%
    59: 31%
  • 60: 65%
    60: 35%
    60
  • 61: 60%
    61: 40%
  • 62: 55%
    62: 45%
  • 63: 50%
    63: 50%
  • 64: 43%
    64: 57%
  • 65: 36%
    65: 64%
    65
  • 66: 36%
    66: 64%
  • 67: 36%
    67: 64%
  • 68: 36%
    68: 64%
  • 69: 36%
    69: 64%
  • 70 years: 36%
    70 years: 64%
    70
40 70

Explore both approaches

Where your money’s invested

This approach aims for higher potential growth over the longer term. Our experts review the mix of investments regularly.

Here’s the detail at 30 September 2023

Higher risk

  • 17% - Shares (emerging markets)
  • 7% - Shares (UK)
  • 5% - Real estate investment trusts
  • 60% - Shares (overseas developed)
  • 0% - Bonds (emerging markets)
  • 3% - Bonds (high yield)

Lower risk

  • 4% - Cash
  • 0% - Short maturity bonds
  • 0% - UK Government bonds (Gilts)
  • 0% - Global government bonds
  • 1% - UK corporate bonds
  • 3% - Global corporate bonds
Key:
Higher riskShares (emerging markets): 17%
Higher riskShares (UK): 7%
Higher riskReal estate investment trusts: 5%
Higher riskShares (overseas developed): 60%
Higher riskBonds (emerging markets): 0%
Higher riskBonds (high yield): 3%
Lower riskGlobal corporate bonds: 3%
Lower riskUK corporate bonds: 1%
Lower riskGlobal government bonds: 0%
Lower riskUK Government bonds (Gilts): 0%
Lower riskShort maturity bonds: 0%
Lower riskCash: 4%
What do these terms mean?

How the fund invests

Your money is invested in a group of funds, rather than directly in stocks and shares. This is known as a fund of funds.

Top holdings

The following is up-to-date as of 30 September 2023.

  1. abrdn Sustainable Index World Equity Fund
  2. iShares MSCI Emerging Markets ESG Enhanced Units Fund
  3. iShares MSCI USA ESG Enhanced Fund
  4. iShares MSCI Japan ESG Enhanced Fund
  5. iShares Continental European Equity ESG Index Fund
  6. iShares UK Equity ESG Index Fund
  7. abrdn Sustainable Index American Equity Fund
  8. abrdn European Equity Tracker Fund
  9. Aberdeen Standard Liquidity Fund
  10. iShares ESG Screened Global Corporate Bond Index Fund

What you could've earned already

The graph below gives you an indication of how much you could've earned, after charges, if you had invested £10,000 in this approach five years ago. Remember, past performance isn't a reliable guide to future performance.

Here's the detail at 30 September 2023.

Key:
£7.5k
£10k
£12.5k
£15k
£17.5k
  • Sep-18: £10,000
    Sep-18: £10,000
    2018
  • Oct-18: £9,471.58
    Oct-18: £9,547.80
  • Nov-18: £9,588.18
    Nov-18: £9,681.17
  • Dec-18: £9,061.79
    Dec-18: £9,175.88
  • Jan-19: £9,418.53
    Jan-19: £9,521.89
    2019
  • Feb-19: £9,526.53
    Feb-19: £9,642.52
  • Mar-19: £9,820.52
    Mar-19: £9,938.64
  • Apr-19: £10,075.17
    Apr-19: £10,205.70
  • May-19: £9,861.84
    May-19: £10,018.70
  • Jun-19: £10,317.13
    Jun-19: £10,489.30
  • Jul-19: £10,665.17
    Jul-19: £10,862.30
  • Aug-19: £10,503.86
    Aug-19: £10,752.35
  • Sep-19: £10,605.03
    Sep-19: £10,821.58
  • Oct-19: £10,413.36
    Oct-19: £10,630.35
  • Nov-19: £10,582.23
    Nov-19: £10,840.59
  • Dec-19: £10,692.95
    Dec-19: £10,930.27
  • Jan-20: £10,588.84
    Jan-20: £10,916.62
    2020
  • Feb-20: £10,084.75
    Feb-20: £10,497.55
  • Mar-20: £8,976.82
    Mar-20: £9,552.29
  • Apr-20: £9,582.32
    Apr-20: £10,260.33
  • May-20: £10,113.16
    May-20: £10,801.54
  • Jun-20: £10,445.81
    Jun-20: £11,096.99
  • Jul-20: £10,301.17
    Jul-20: £11,044.58
  • Aug-20: £10,603.74
    Aug-20: £11,387.39
  • Sep-20: £10,655.40
    Sep-20: £11,419.97
  • Oct-20: £10,488.75
    Oct-20: £11,198.53
  • Nov-20: £11,390.31
    Nov-20: £11,390.31
    Nov-20: £12,001.04
  • Dec-20: £11,621.48
    Dec-20: £12,221.51
  • Jan-21: £11,631.99
    Jan-21: £12,121.51
    2021
  • Feb-21: £11,621.48
    Feb-21: £12,134.89
  • Mar-21: £11,957.73
    Mar-21: £12,522.08
  • Apr-21: £12,336
    Apr-21: £12,933.85
  • May-21: £12,283.46
    May-21: £12,832.64
  • Jun-21: £12,630.22
    Jun-21: £13,285.68
  • Jul-21: £12,609.20
    Jul-21: £13,326.11
  • Aug-21: £12,966.46
    Aug-21: £13,702.69
  • Sep-21: £12,808.85
    Sep-21: £13,445.48
  • Oct-21: £12,945.45
    Oct-21: £13,805.46
  • Nov-21: £13,040.01
    Nov-21: £13,952.32
  • Dec-21: £13,292.20
    Dec-21: £14,119.42
  • Jan-22: £12,556.66
    Jan-22: £13,624.58
    2022
  • Feb-22: £12,367.52
    Feb-22: £13,309.79
  • Mar-22: £12,850.88
    Mar-22: £13,694.90
  • Apr-22: £12,567.17
    Apr-22: £13,236.34
  • May-22: £12,388.54
    May-22: £13,212.25
  • Jun-22: £11,768.59
    Jun-22: £12,649.04
  • Jul-22: £12,293.97
    Jul-22: £13,400.38
  • Aug-22: £12,388.54
    Aug-22: £13,407.62
  • Sep-22: £11,726.56
    Sep-22: £12,704.79
  • Oct-22: £11,779.09
    Oct-22: £12,982.76
  • Nov-22: £12,304.48
    Nov-22: £13,483.49
  • Dec-22: £12,125.85
    Dec-22: £12,925.01
  • Jan-23: £12,619.71
    Jan-23: £13,471.02
    2023
  • Feb-23: £12,546.15
    Feb-23: £13,297.29
  • Mar-23: £12,462.09
    Mar-23: £13,460.16
  • Apr-23: £12,472.60
    Apr-23: £13,454.37
  • May-23: £12,451.59
    May-23: £13,484.39
  • Jun-23: £12,682.75
    Jun-23: £13,825.36
  • Jul-23: £13,008.49
    Jul-23: £14,097.64
  • Aug-23: £12,756.31
    Aug-23: £13,951.47
  • Sep-23: £12,661.74
    Sep-23: £13,851.77
2016 2021

Sep 2018 to
Sep 2019		Sep 2019 to
Sep 2020		Sep 2020 to
Sep 2021		Sep 2021 to
Sep 2022		Sep 2022 to
Sep 2023		Total over 5
years
This fund6.1%0.5%20.2%-8.4%8.0%26.6%
Performance Comparator*8.2%5.5%17.7%-5.5%9.0%38.5%
This fund launched in November 2020. To help you compare it with other funds we have replicated the performance of the markets the fund invests in, to indicate what the performance may have been prior to its launch. The simulated return takes into account total annual charges of 0.85% and that the mix of assets are rebalanced once per month.

*The fund doesn’t use a benchmark as a guide for investing or as a target to beat. But we do use a performance comparator which investors may want to compare the fund’s performance against. This comprises 80% shares and 20% bonds. Shares are represented by the MSCI All Countries World Index GBP, whilst bonds are represented by the Bloomberg Global Aggregate Bond Index – GBP Hedged. The fund invests differently to the performance comparator therefore returns will always be different. For example there are differences in the way the fund is built vs. the comparator, along with the cost of investing, which is included for the fund return, but not the comparator. You cannot invest in the performance comparator.

Source: Lipper, year on year, 30 September 2018 to 30 September 2023, bid to bid with net income reinvested.

Where your money’s invested

This approach aims for more stability, but with slower growth. Our experts review the mix of investments regularly.

Here’s the detail at 30 September 2023

Higher risk

  • 1% - Shares (emerging markets)
  • 1% - Shares (UK)
  • 1% - Real estate investment trusts
  • 11% - Shares (overseas developed)
  • 1% - Bonds (emerging markets)
  • 1% - Bonds (high yield)

Lower risk

  • 17% - Cash
  • 26% - Short maturity bonds
  • 15% - UK Government bonds (Gilts)
  • 21% - Global government bonds
  • 2% - UK corporate bonds
  • 3% - Global corporate bonds
Key:
Higher riskShares (emerging markets): 1%
Higher riskShares (UK): 1%
Higher riskReal estate investment trusts: 1%
Higher riskShares (overseas developed): 11%
Higher riskBonds (emerging markets): 1%
Higher riskBonds (high yield): 1%
Lower riskGlobal corporate bonds: 3%
Lower riskUK corporate bonds: 2%
Lower riskGlobal government bonds: 21%
Lower riskUK Government bonds (Gilts): 15%
Lower riskShort maturity bonds: 26%
Lower riskCash: 17%
What do these terms mean?

How the fund invests

Your money is invested in a group of funds, rather than directly in stocks and shares. This is known as a fund of funds.

Top holdings

The following is up-to-date as of 30 September 2023.

  1. Aberdeen Standard Liquidity Fund
  2. Vanguard UK Government Bond Index Fund
  3. abrdn Global Government Bond Index Fund
  4. abrdn Global Inflation-Linked Bond Tracker Fund
  5. abrdn Short Dated Global Corporate Bond Tracker Fund
  6. abrdn Short Dated Global Inflation-Linked Bond Tracker Fund
  7. Payden Global Government Bond Index Fund
  8. abrdn Sustainable Index American Equity Fund
  9. iShares MSCI EM ESG Enhanced Fund
  10. L&G ESG GBP Corporate Bond 0-5 Year Fund

What you could've earned already

The graph below gives you an indication of how much you could've earned, after charges, if you had invested £10,000 in this approach five years ago. Remember, past performance isn't a reliable guide to future performance.

Here's the detail at 30 September 2023.

Key:
£7.5k
£10k
£12.5k
  • Sep-18: £10,000
    Sep-18: £10,000
    2018
  • Oct-18: £9,932.36
    Oct-18: £10,012.60
  • Nov-18: £9,910.72
    Nov-18: £10,025.01
  • Dec-18: £9,896.56
    Dec-18: £10,037.64
  • Jan-19: £10,015.05
    Jan-19: £10,050.29
    2019
  • Feb-19: £10,016.11
    Feb-19: £10,062.33
  • Mar-19: £10,207.38
    Mar-19: £10,075
  • Apr-19: £10,220.39
    Apr-19: £10,087.47
  • May-19: £10,291.21
    May-19: £10,100.16
  • Jun-19: £10,405.82
    Jun-19: £10,112.66
  • Jul-19: £10,553.10
    Jul-19: £10,125.38
  • Aug-19: £10,670.20
    Aug-19: £10,138.12
  • Sep-19: £10,654.53
    Sep-19: £10,150.67
  • Oct-19: £10,547.65
    Oct-19: £10,163.44
  • Nov-19: £10,539.59
    Nov-19: £10,176.02
  • Dec-19: £10,523.01
    Dec-19: £10,188.82
  • Jan-20: £10,649.61
    Jan-20: £10,201.64
    2020
  • Feb-20: £10,617.31
    Feb-20: £10,214.05
  • Mar-20: £10,209.57
    Mar-20: £10,223.44
  • Apr-20: £10,472.99
    Apr-20: £10,230.64
  • May-20: £10,618.71
    May-20: £10,237.89
  • Jun-20: £10,713.01
    Jun-20: £10,245.10
  • Jul-20: £10,754.35
    Jul-20: £10,252.36
  • Aug-20: £10,719.50
    Aug-20: £10,259.60
  • Sep-20: £10,757.10
    Sep-20: £10,266.85
  • Oct-20: £10,738.71
    Oct-20: £10,274.11
  • Nov-20: £10,945.14
    Nov-20: £10,945.14
    Nov-20: £10,281.36
  • Dec-20: £11,020.40
    Dec-20: £10,288.63
  • Jan-21: £10,998.90
    Jan-21: £10,295.92
    2021
  • Feb-21: £10,805.37
    Feb-21: £10,303.11
  • Mar-21: £10,880.63
    Mar-21: £10,310.41
  • Apr-21: £10,966.64
    Apr-21: £10,317.67
  • May-21: £10,988.14
    May-21: £10,324.98
  • Jun-21: £11,063.40
    Jun-21: £10,332.25
  • Jul-21: £11,192.42
    Jul-21: £10,339.57
  • Aug-21: £11,246.18
    Aug-21: £10,346.89
  • Sep-21: £11,106.41
    Sep-21: £10,354.19
  • Oct-21: £11,170.92
    Oct-21: £10,361.52
  • Nov-21: £11,235.43
    Nov-21: £10,368.82
  • Dec-21: £11,213.93
    Dec-21: £10,376.84
  • Jan-22: £11,020.40
    Jan-22: £10,385.50
    2022
  • Feb-22: £10,891.38
    Feb-22: £10,395.82
  • Mar-22: £10,848.37
    Mar-22: £10,407.78
  • Apr-22: £10,661.29
    Apr-22: £10,420.68
  • May-22: £10,609.69
    May-22: £10,435.72
  • Jun-22: £10,324.77
    Jun-22: £10,451.87
  • Jul-22: £10,563.45
    Jul-22: £10,469.48
  • Aug-22: £10,398.96
    Aug-22: £10,491.14
  • Sep-22: £9,960.29
    Sep-22: £10,514.06
  • Oct-22: £10,044.15
    Oct-22: £10,540.70
  • Nov-22: £10,245.21
    Nov-22: £10,572.82
  • Dec-22: £10,148.44
    Dec-22: £10,608.81
  • Jan-23: £10,348.42
    Jan-23: £10,646.95
    2023
  • Feb-23: £10,232.31
    Feb-23: £10,686.10
  • Mar-23: £10,326.92
    Mar-23: £10,729.72
  • Apr-23: £10,351.65
    Apr-23: £10,773.78
  • May-23: £10,267.79
    May-23: £10,820.82
  • Jun-23: £10,255.96
    Jun-23: £10,868.80
  • Jul-23: £10,339.82
    Jul-23: £10,921.60
  • Aug-23: £10,287.14
    Aug-23: £10,976.82
  • Sep-23: £10,194.67
    Sep-23: £11,030.89
2017 2022

Sep 2018 to
Sep 2019
Sep 2019 to
Sep 2020
Sep 2020 to
Sep 2021
Sep 2021 to
Sep 2022
Sep 2022 to
Sep 2023
Total over 5
years
This fund
6.5%1.0%3.2%-10.3%2.4%1.9%
Performance Comparator*
1.5%1.1%0.9%1.5%4.9%10.3%
This fund launched in November 2020. To help you compare it with other funds we have replicated the performance of the markets the fund invests in, to indicate what the performance may have been prior to its launch. The simulated return takes into account total annual charges of 0.70% and that the mix of assets are rebalanced once per month.

*The fund doesn’t use a benchmark as a guide for investing or as a target to beat. But we do use a performance comparator which investors may want to compare the fund’s performance against. This is the Bank of England Base Rate +0.75%, which represents an incremental return over and above cash savings, in keeping with the lower risk / defensive nature of the fund

Source Lipper, total return (income reinvested). The returns shown above are based on index returns (see above) up until 29 October 2020 thereafter actual returns are used. Lump sum invested 30 September 2018 to 30 September 2023. For details of the performance comparator for each fund please see the respective Key Investor Information Document.

Key information

In our important documents you’ll see our Careful Defensive approach and Adventurous Growth approach, which refers to our Virgin Money Defensive Fund and Virgin Money Growth Fund 3. Before applying, please make sure you've read the following.

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Prefer to be in the driving seat?

If you want to take the controls and follow your own investment route to retirement, our Self-Drive Pension could be the right choice for you.

Find out more
Prefer to be in the driving seat - Self-select pension

Got a question?

We've got the answer.

Yes. It’s a good idea to review your pension and how it's invested every so often. Once your pension is open, you can switch between Navigator and Self-Drive pension easily. Just sign in to Online Service and follow the on-screen instructions.

Use the app or sign in to Online Service and track the performance of your investments – we update your account balance every day. You'll also get a statement every six months.

Our charges are up to 0.75% in total each year, based on the value of your account. This is made up of two clear and simple charges.

An Account Charge, which is 0.30% of your investments. This is collected from your account by cashing in a small number of investment units each month.

An Annual Management Charge, which is up to 0.45% of your investments. This is collected by making a small adjustment to the unit price of your investment each day.

Find more information about our funds and charges.

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