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The HSBC Bank (UK) Pension Scheme
Manage your investments
The Scheme provides a wide range of investment options and the Trustee invests your DC pension pot in line with your investment choice(s). If you have not made your own investment choice the default option for your DC pension pot and any future contributions is the Lump Sum Strategy, for most members. You can make up to 12 changes to your DC investments per year free of charge. The value of your DC pension pot is not guaranteed and will rise and fall in line with the price of the investment funds used for your investment choice.
It is also worth noting that your Target Retirement Age (TRA) is important and you should regularly review the age at which you’ve chosen to take your benefits. This is because the automatic changes to the investment mix used by the targeted strategies (and the former Lifecycles) are based on the period to your TRA. If you don’t make a choice then the Trustee will set yours at 65.
View and manage your investments
You can do this by visiting My Pension.You'll need your username and password to log in. Don’t know yours?
If you're on the HSBC network you can click here and you won't need your username and password.
This strategy is designed for members who plan to use all of their DC pension pot for a cash lump sum at their Target Retirement Age.
More information is available in the Scheme’s current DC Member Guide which can be found on the Member Guides tab of the Information Centre.
The Annuity Purchase Strategy is designed for members who plan to use 25% of their DC pension pot for a tax-free cash sum and the balance to buy an annuity (a regular income for life) at their Target Retirement Age.
More information is available in the Scheme’s current DC Member Guide which can be found on the Member Guides tab of the Information Centre.
This strategy is designed for members who plan to take 25% of their DC pension pot as a tax-free cash sum at their Target Retirement Age (or beyond) and the balance to provide a flexible income (e.g. income drawdown), spreading the amount and timing of withdrawals.
Members can do this by transferring their DC pension pot out of the Scheme to their choice of external provide which offers this option.
More information is available in the Scheme’s current DC Member Guide which can be found on the Member Guides tab of the Information Centre.
Members who are comfortable controlling and monitoring the investment of their DC pension pot can choose their own mix of investments from the Freechoice range.
Freechoice allows members to create an investment strategy for their DC pension pot that reflects their financial aims and personal circumstances.
More information on the current range of funds available can be found in the Information Centre along with the individual fund factsheets.
For more information on the legacy options (such as Lifecycle 2, Capital Lifecycle and the Cash Lifecycle) please refer to the DC Investment Guide which can be found on the Member Guides tab of the Information Centre.
