You decide how to invest your SAF-LO Collective Pension Insurance money. First, choose the type of plan you want, a traditional pension plan or a unit-linked pension plan.
A traditional plan means lower risk. A pensions manager makes all decisions regarding how to invest your money. It gives you a minimum guarantee for your future occupational pension, and is a good option if you don't want to be hands-on when it comes to investments.
Unit-linked pension plans come with a higher risk and without any guarantees, but offers a higher potential yield. Money invested in unit-linked plans can decrease or increase in value.
You choose between the funds available with your pensions manager, which makes it a good option if you're interested in investments.
When you've decided what type of plan you want, it's time to choose a pensions manager to entrust with your capital. There are a number of options for traditional plans as well as for unit-linked plans.
If you want to make a different choice, you can do so at any time. That choice then applies only to future payments. Payments already made stay with your previous manager. But for a fee, you can transfer that money to a different manager.