From your 55th birthday, you can decide whether the capital in the ASP plan should be used later on for a fixed or a variable pension. This is a provisional choice, and you can change this on your retirement date. But your decision will affect how you will invest from that point going forward.
Choose a fixed or variable pension
You use the pension capital you have accrued to purchase a pension on your retirement date. At that time, you choose either a fixed or a variable pension. You can already make a provisional choice for the capital in the ASP plan when you reach 55 years of age. We recommend you do this not later than on your 58th birthday. This is important, because different investment approaches apply depending on your choice of a fixed or a variable pension. You can use the investments guide (beleggingswijzer) to make this decision. We will adjust your investments according to your decision. Please note: The investments guide is an aid. You remain personally responsible for your choice and for the consequences thereof. A financial advisor can help you with your choice.
Until you are 58, the Life Cycle Fixed and Life Cycle Variable are the same. They start to separate from the age of 58.
In the Fixed Life Cycle, from the age of 58, less and less is invested in equities and more in long-term bonds. At the standard retirement age (68), the capital is fully invested in long-term bonds.
In the Variable Life Cycle, from the age of 58, less and less is invested in shares and more in bonds, but at the standard retirement age (68), 50% is still invested in shares. As a result, there is a greater chance that the capital will achieve an extra return.