Pension Update
Changes to the investment arrangements in the Defined Contribution (DC) Section of the Thomson-Leng Provident Fund
Overview
We have now completed a number of changes to the investment arrangements in the Defined Contribution (DC) Section of the Thomson-Leng Provident Fund.
As part of these changes:
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DC assets have moved to a new investment platform provided by Mobius Life.
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Changes have been made to the Target Retirement Path investment strategies, including the default investment option, with the aim of improving long-term retirement outcomes for members.
To support the implementation of these changes, OneView was temporarily unavailable between 2 September and 6 October 2026. The transition has now been completed and OneView is once again available for members to access and manage their retirement accounts.
Please read the information below to understand what has changed. More information on the investment options and the new Target Retirement Paths is available in the Investment Guide.
What these changes mean for you
All DC section members
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Your DC investments have moved onto a new investment platform managed by Mobius Life.
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You now benefit from lower overall investment charges.
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No changes have been made to the range of Self Select investment funds available.
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OneView is now available again, and you can access your retirement account as normal.
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Your DC investments have been moved into a new Target Date Fund based on the type of benefit you wish to take at retirement and your chosen Target Retirement Date. The Target Date Fund will gradually and automatically switch your retirement account into investment funds considered lower risk and designed to help you target the type of benefit you want to take at retirement. For example, if you wish to access your pension via pension drawdown at retirement and your Target Retirement Date is in 2045, you will be invested in the Mercer Target Growth - Retiring 2044-2046 Fund and will be automatically switched into the Mercer Target Drawdown - Retiring 2044-2046 Fund around nine years before your Target Retirement Date.
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If you are more than 16 years from your Target Retirement Date, your investments will now have a higher allocation to growth assets, with the aim of achieving higher investment returns by taking additional investment risk while retirement remains some distance away.
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From around 16 years before your Target Retirement Date, your DC investments will gradually and automatically diversify into investments that remain focused on growth but are considered lower risk. The amount of risk within your investments will continue to reduce as you approach retirement.
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There has been no change to the investment strategy in the final eight years before your Target Retirement Date. However, if you were already within this period, the underlying mix of your investments may have changed slightly as investments moved from a single-year Target Retirement Fund to a new Target Date Fund based on a three-year retirement period. For example, members previously invested in the Target Drawdown 2029 Fund have been moved to the Target Drawdown – Retiring 2029-2031 Fund.
For more information on your DC section investment options and the new Target Retirement Paths, please refer to the new DC section Investment Guide available here.
The transition to the new investment platform has now been completed and OneView is available for use as normal.
You may wish to review your current investment strategy and Target Retirement Date to ensure they remain appropriate for your circumstances. Any changes can now be made through OneView.
If you are happy with your current investment choices, no action is required. The changes described above have been implemented automatically.
Questions? We're here to help!
If you have any queries about the information above, you can contact Aptia, the Fund Administrator, online here or by telephone: 0345 600 1168
Or the DC Thomson Pension Department, by email at pensions@dcthomson.co.uk or by telephone: 01382 575 738.