Diversified Growth

This option invests mainly in return-seeking assets, with risk reduced through diversification that includes some fixed interest investments. If you’re a pension member under age 75 and have not made an investment choice, your money is invested in the Diversified Growth option.


To achieve returns of 3% per year above inflation over rolling 5-year periods.

Best suited to

Those looking for reasonably high returns and prepared to accept potentially modest to significant fluctuations in returns over shorter periods.

Suggested minimum holding period

5 years

Estimated fees

Administration: 0.21%
Investment management: 0.51%

See the Fees and other costs section of the Investment choice guide for a full explanation of the costs for each investment option.

Investment mix


Level of investment risk: High

Negative returns expected 4.2 out of 20 years
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