If you paid Additional Voluntary Contributions (AVCs) as an active member of the Leonardo Electronics Pension Scheme (the ‘Scheme’), or have a 100+ Section Retirement Account, this money is held in a pension pot in your name and invested separately from your main Defined Benefit (DB) benefits.
Although you can choose your own investments from a range of funds provided by the Trustee, most of our AVC and 100+ Retirement Account members use the default lifestyle strategy.
During a recent review of the lifestyle strategy, the Trustee and its investment advisers considered feedback received in last year’s FuturePlanner member survey about long-term goals, risk preferences and retirement needs. As a result, it has decided to make some changes to the lifestyle strategy, which will take effect by 6 April 2026.
Please look out for more information regarding these changes in the upcoming Newsletter.
Blackout period
There will be a blackout period where you won’t be able to make investment changes while the new strategy is implemented and reconciled. The blackout period will run from 6 March 2026 to 6 April 2026. Should you wish to make investment switches (which are usually more common for our members who have chosen to self-select) then please complete these in advance of 6 March 2026.