With these options, you choose your target retirement age and the retirement outcome that suits you, and the Trustee (guided by our investment experts) handles the rest. If you’ve chosen to target buying a guaranteed annuity (an income for life) when you retire, or want to take your Pension Account as one or more cash lump sums, then the SEI Master Trust Annuity Lifestyle Option or the SEI Master Trust Cash Lifestyle Option might be right for you.

Your investments will be adjusted automatically as you get closer to retirement, gradually moving into lower-risk funds to help protect it as you near your retirement date.

These changes happen at set points based on your age and your Target Retirement Age. If your circumstances or attitude to risk have changed, you’re able to switch to a different fund at any time.

Charges

Whether you move to the Default Investment Option or choose one of the alternative lifestyle options, it’s important to know that you won’t pay more in charges for the lifestyle options than you currently do. All of the lifestyle options have the same Total Expense Ratio (TER), and you can find details of this in your personal documents.