Will my pension go up or down every month?

Are you not retired yet? Then your personal pension pot moves with the economy each month. If the economy does well, your pension pot grows. If the economy does badly, its value goes down.

Do you receive a pension? Then you receive the same amount for a full year. At the end of each year, we set the amount for the next year. That amount then stays the same for a whole year, just like now.

Can I choose how my pension will be invested?

In the new pension, you decide how much risk we take with your pension. You can choose the standard level of risk, or opt for more or less risk. If you take more risk, your expected pension is higher, but less certain. If you take less risk, your expected pension is lower, but more certain. You can make this choice once we move to the new pension.