Standard Life Sustainable Multi Asset Universal Strategic ...

1 Sustainable Multi Asset Universal SLP 01/10 Our Sustainable Multi Asset Universal Strategic Lifestyle Profile (SLP) is designed for customers who are planning to take the money from their pension as a flexible income ( drawdown ). This guide tells you more about the profile which funds you ll be invested in and you re planning on taking the money from your pension in a different way, another type of lifestyle profile may suit your needs better. Visit for more information about other lifestyle profile s also important to consider when you ll take money from your pension as lifestyle profiles make changes to your investments based on your selected retirement date. As a result, they may only be suitable if you re planning to start taking money from your pension on this date. If you aren t sure if a lifestyle profile is suitable for you, you should speak to a financial adviser.

2 There s likely to be a cost for should read this together with our How to choose the right investment options for your pension Multi Asset Universal Strategic Lifestyle Profile02/10 Sustainable Multi Asset Universal SLPT here are two main stages in the Sustainable Multi Asset Universal SLP:1. Growth stage when you re more than 15 years from retirementYour money will be invested in the Sustainable Multi Asset Growth Pension Fund which aims to increase the value of your pension pot over time. Please remember though that investment growth isn t guaranteed. All funds can go down as well as up in value and may be worth less than the amount Approaching retirement stage when you re less than 15 years from retirementYour money will gradually be moved into the Sustainable Multi Asset Pre Retirement Pension Fund then the Sustainable Multi Asset At Retirement Pension Fund, which are designed to give you flexibility to take it as you want when you retire or if you want to take a flexible income.

3 This will happen automatically you don t need to do Multi Asset Universal SLP 03/10 How the Sustainable Multi Asset Universal works This chart shows how the funds you invest in will vary during the years before your selected retirement date. See Sustainable Multi Asset Universal SLP in more detail section for more information about the funds in the Multi Asset Universal SLP (1 ESG)% of investments1009080706050403020100 Years to retirement months Fund codeVolatility ratingFMCA dditional expensesTotal annual fund chargeActive/Passive investment SL Sustainable Multi Asset Growth Pension SL Sustainable Multi Asset Pre Retirement Pension SL Sustainable Multi Asset At Retirement Pension charges aren t guaranteed. They re regularly reviewed and may change in the future. The information in this guide is correct as at March 2021. If you need more help to understand this table, including an explanation of active/passive investments, please see the How to choose the right investment options for your pension Sustainable Multi Asset Universal SLPThe Sustainable Multi Asset Universal SLP in more detail Here we give the fund descriptions for each of the funds you ll be invested in through this profile.

4 These explain the aims of the more information about the different types of investments ( Asset classes) the funds can invest in, please see the How to choose the right investments for your pension Growth stageStandard Life Sustainable Multi Asset Growth Pension Fund (fund code: LPNL) The goal of this Fund is to provide long term growth and is designed to be used in the growth phase of a Strategic lifestyle profile (SLP). These profiles automatically change your investments as you approach retirement, to make sure they are appropriate for how you plan to take your pension Fund aims to meet this goal by holding different types of investment funds which will invest mainly in equities (company shares), and may also invest in other assets such as bonds (loans to a government or a company), property shares and money market instruments. The investments in these funds can be from around the world, including emerging markets.

5 While focusing on growth, these funds also take into account sustainability factors, particularly those that that can have a negative financial impact on company performance. The strategies of the majority of these funds may screen out (remove) certain types of investment. In addition they may target more positive outcomes such as reducing carbon emissions, or investing in green technology. They also utilise a Stewardship approach where the fund managers engage with the management of the companies the funds invest in, seeking to influence positive practices and behaviours. For explanations of any of these terms and more information please visit weightings and fund managers of these investment funds are reviewed regularly to make sure they remain suitable for the Fund s goal, and may change over time. One or more of these funds may have a bias towards a range of investment factors at any one time.

6 Further details on these investment factors and the screening strategies deployed by the funds may be found in the SL underlying fund Multi Asset Universal SLP 05/10 Most of the investment funds used are tracker funds which means that their return, before charges, will be as close to their index benchmark as possible. The value of investments within the Fund can fall as well as rise and is not guaranteed - you may get back less than you pay in. These funds may use derivatives for the purposes of efficient portfolio management, reduction of risk or to meet its investment objective if this is permitted and appropriate. The Sterling value of overseas assets held in the Fund may rise and fall as a result of exchange rate Approaching retirement stageStandard Life Sustainable Multi Asset Pre Retirement Pension Fund (fund code: CEMH)This Fund is used to start gradually moving your money out of the growth phase of a Universal Strategic lifestyle profile (SLP), into a mix of lower risk investments which are considered appropriate if you have yet to decide how you re going to take your retirement income or if you want to take a flexible income (known as drawdown ).

7 This fund may not be suitable as a standalone fund or if you re building your own portfolio from our full fund range. These profiles automatically change your investments as you approach retirement, to make sure they are appropriate for how you plan to take your pension Fund aims to meet this goal by holding different types of investment funds which invest mainly in equities (company shares), and may also invest in other assets such as bonds (loans to a government or a company), property shares and money market instruments. The investments in these funds can be from around the world, including emerging focusing on growth, these funds also take into account sustainability factors, particularly those that that can have a negative financial impact on company performance. The strategies of the majority of these funds may screen out (remove) certain types of investment. In addition they may target more positive outcomes such as reducing carbon emissions, or investing in green technology.

8 They also utilise a Stewardship approach where the fund managers engage with the management of the companies the funds invest in, seeking to influence positive practices and behaviours. For explanations of any of these terms and more information please visit Sustainable Multi Asset Universal SLPThe weightings and fund managers of these investment funds are reviewed regularly to make sure they remain suitable for the Fund s goal, and may change over time. One or more of these funds may have a bias towards a range of investment factors at any one time. Further details on these investment factors and the screening strategies deployed by the funds may be found in the SL underlying fund of the investment funds used are tracker funds which means that their return, before charges, will be as close to their index benchmark as possible. The money market fund used is an actively managed value of investments within the Fund can fall as well as rise and is not guaranteed - you may get back less than you pay in.

9 These funds may use derivatives for the purposes of efficient portfolio management, reduction of risk or to meet its investment objective if this is permitted and appropriate. The Sterling value of overseas assets held in the Fund may rise and fall as a result of exchange rate Life Sustainable Multi Asset At Retirement Pension Fund (fund code: PLND) The goal of this fund is to make sure that at your retirement date your money is in investments which are considered appropriate if you have yet to decide how you re going to take your retirement income or if you want to take a flexible income (known as drawdown ). It s used as part of a Universal Strategic lifestyle profile (SLP), and may not be suitable as a standalone fund or if you re building your own portfolio from our full fund range. These profiles automatically change your investments as you approach retirement, to make sure they are appropriate for how you plan to take your pension Fund aims to meet this goal by holding different types of investment funds.

10 These funds will invest mainly in bonds (loans to a government or a company) and may also invest in other assets such as equities (company shares), property shares and money market instruments. The investments in these funds can be from around the world, including emerging Multi Asset Universal SLP 07/ 10 While focusing on growth, these funds also take into account sustainability factors, particularly those that that can have a negative financial impact on company performance. The strategies of the majority of these funds may screen out (remove) certain types of investment. In addition they may target more positive outcomes such as reducing carbon emissions, or investing in green technology. They also utilise a Stewardship approach where the fund managers engage with the management of the companies the funds invest in, seeking to influence positive practices and behaviours. For explanations of any of these terms and more information please visit you can normally take a tax free lump sum from your pension pot, some of the fund is invested in lower risk funds.