Lifesteps Investment Programme
With Lifesteps you can set your retirement savings on a path to the future.
What is Lifesteps?
Lifesteps is a single investment option that automatically reduces investment risk as you get older. It reduces the need for you to continually reassess your investment strategy.
It is designed for dedicated retirement savings and recognises that the retirement saver can tolerate higher investment risk at younger ages in exchange for higher expected average investment returns.
As you get older, Lifesteps reduces risk as you have less time to recover from any short-term losses before needing your retirement income. It offers you greater stability in the years before retirement.
How does Lifesteps work?
When you choose the Lifesteps Investment Programme, your savings are invested in one of six investment funds depending on your age. When you reach a birthday that corresponds to the next Lifesteps fund, your savings will be automatically reinvested in the next Lifesteps fund. A description of the Lifesteps funds is set out in the table below.
The Trustee may adjust the age ranges from time to time and may add or delete an age band, if it considers it appropriate to do so.
How flexible is Lifesteps?
It is important to remember that the Lifesteps programme has been designed for the typical saver committed to saving for retirement.
Changes in personal circumstances (such as a change in employment) may mean that the Lifesteps Investment Programme does not provide the investment risk appropriate to you. If this is the case, you can switch to other investment options at any time.
You can further adjust your investment risk by combining the Lifesteps Investment Programme with other investment options.
Investment Strategy
Different combinations of growth and income assets are used to create the different investment risk characteristics of the six underlying Lifesteps funds.
The Trustee will review the makeup of the underlying Lifesteps funds from time to time. However, any changes will maintain their investment risk characteristics.
| Investment Fund |
Agressive
age 16 to 30 |
Growth
age 31 to 39 |
Balanced
age 40 to 47 |
Moderate Balanced
age 48 to 56 |
Moderate
age 57 to 64 |
Conservative
age 65 and over |
 |
Growth assets
(high level of risk) |
 |
Income assets
(low level of risk) | |
 |
 |
 |
 |
 |
 |
How to apply
You can download the Investment Statement and application form to fill in or call our Customer Service Centre on 0800 AMPSuper (0800 26778737) who will arrange for a form to be sent out to you.