14867FG Civil Service Investment Options and …

1 Civil Service AVC pension SCHEMEINVESTMENTOPTIONS AND CHARGES1 Civil Service AVC pension SchemeINVESTING WITH CONFIDENCEThis booklet lists the funds available through the Civil Service Additional Voluntary Contribution (AVC) Scheme with scottish Widows. Further details about the Civil Service AVC can be obtained from your pension scheme administrator (PSC/ pension Service Centre) and from alternative to this AVC Scheme is a Free Standing AVC Plan. Or you may also be able to contribute to a Stakeholder pension . Please seek advice regarding the suitability of such scottish Widows you have a choice of investments to choose from and you can choose an Investment or investments which reflect your Investment help you keep track of your Investment , you will receive a statement every year, to show you how it is are a long-term Investment .

2 The retirement benefits you receive from your pension plan will depend on a number of factors including the value of your plan when you decide to take your benefits which isn t guaranteed, and can go down as well as up. The value of your plan could fall below the amount(s) paid Service AVC pension SchemeWHAT ARE THE CHARGES?In return for setting up and administering your AVC, we deduct a your benefit scottish Widows and the Civil Service have specially negotiated a reduction to the standard Total Annual Fund Charge levied on each fund chosen. For new members of the Civil Service AVC pension Scheme, the reduction is each year off the standard Total Annual Fund Charge for each fund. Additional units are added regularly to your AVC to reflect this reduction means that for the Civil Service AVC pension Scheme the Total Annual Fund Charge for most of the funds detailed in this booklet is currently each year of fund value the exceptions to this are detailed in the tables on pages 4 and figures shown in this booklet are current at the time of going to print.

3 We may change our charges, limits and terms at any Total Annual Fund Charge includes the scottish Widows annual management charge, an external fund management charge and other expenses where applicable. Other expenses include, for example, trustees fees, auditors fees and regulators fees. The allowance for other expenses can change on a regular PRICESOur standard Total Annual Fund Charge is automatically reflected in our daily unit prices. The unit prices are normally calculated each working day. The price currently used to purchase your units is normally:a) for regular contributions, the price for the day that your contribution is due to be received by us. b) for single contributions, the price for the day or working day after we received your prices for all our pension funds can be found at Service AVC pension SchemeSUMMARY OF Investment FUNDS AVAILABLET here are a number of different ways to evaluate risk, scottish Widows use the following definitions to help you decide on the appropriate Investment approach for you.

4 You can find further details about these in our pension Funds Investor s be aware that we review the Investment approach definitions and the Investment approach for the funds regularly, so these may change. You can find information on current Investment approaches and notification of any changes at remember that with investments like these, there are no guarantees, and there is a risk that the value of your plan could go down as well as up, depending on Investment performance and may fall below the amount paid investments provide safety to the amount invested and can be expected to offer relatively low growth over the medium to long-term. They cannot fall in actual value, but can fall in real value due to the effects of investments are expected to have a relatively modest risk to the capital value and/or income.

5 They have the potential to provide income, and/or, over the medium to long-term, relatively modest capital growth. The capital value may fluctuate, although some products may offer an element of capital investments carry a risk of loss to capital value but have the potential for capital growth and/or income over the medium to long-term. Typically they do not have any guarantees and will fluctuate in capital investments are expected to have a relatively significant risk of loss to capital value, but with the potential of relatively more capital growth over the medium to long-term. They do not offer any guarantees and will fluctuate in capital value. These investments carry a relatively much higher risk of capital loss but with the potential for relatively higher capital growth over the medium to long-term.

6 They may be subject to a considerable level of fluctuation in capital value. They do not offer any investments carry a very high risk of capital loss, but with the potential for a higher return over the long-term. They are very volatile and are only suitable for clients who can afford to, and are prepared to, risk the entire capital value. They do not offer any RISK4 Civil Service AVC pension SchemeThe following is the list of Investment funds available for the Civil Service AVC pension Scheme and their Investment approach details of all these funds and their aims and associated risks can be found within our pension Funds Investor s also offer our pension Investment Approaches, allowing you to choose an Investment approach suitable for your needs in retirement. Whether that s annuity purchase, pension encashment or flexible access.

7 Full details of these approaches can be found in the pension Investment Approaches WIDOWS FUNDS*All charges quoted already include the Civil Service Approach CategorisationFundTotal Annual Fund Charge %CAUTIOUSS cottish Widows Cash Widows Corporate Bond Widows Fixed Interest Widows pension Protector Fund* Widows Consensus Widows Indexed Stock Widows Mixed Widows Property Widows Environmental Widows Specialist Global Equity pension Widows UK All Share Tracker *This fund has a Cautious approach when used for Investment as you get near to Service AVC pension SchemeFUNDS MANAGED BY OTHER MANAGERSI nvestment Approach CategorisationFundTotal Annual Fund Charge %PROGRESSIVESW Baillie Gifford Managed Fidelity European SSgA 50:50 Global Equity Index SSgA International Equity Index SSgA UK Equity Index provided in this leaflet reflect the fund charges currently available for the Civil Service AVC pension Scheme.

8 The charges for other schemes may Service AVC pension SchemeHOW TO SET UP YOUR AVCRead through the Key Features and pension Investment Approaches Guide and pick an Investment option and payment level that s right for return your completed Application form to us in the pre-paid envelope TO CONTACT USIf you have any questions at any time, you can visit our website addition you can phone or write to us to ask specifically about the Civil Service AVC number: 0345 755 6557*. You can call us Monday Friday 8am 6pm.* We may record and monitor calls to help us to improve our : scottish Widows Limited, 15 Dalkeith Road, Edinburgh EH16 Widows Limited. Registered in England and Wales No. 3196171. Registered office in the United Kingdom at 25 Gresham Street, London EC2V 7HN.

9 Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial services Register number 05/20