When you join the McGill University Pension Plan, you must decide on your investment distribution. There are several factors to consider when determining which investments are right for you. Some of the factors are:
- Investment horizon (the number of years to retirement)
- Retirement goals (standard of living to maintain)
- Tolerance to risk
- Investment knowledge
- Personal situation
- Net worth
- Liquidity requirements
Individual objectives and risk tolerances will vary according to personal and financial characteristics specific to each member. You may invest your savings in any combination of the available investment options. The options fall into basic categories designed to respond to the specific investment objectives of members.
There are two approaches to selecting investments: You can construct a personalized investment portfolio using one or a combination of the investment options offered or you can use a multi-risk target date. A target date is an asset allocation or investment mix that is based on your risk tolerance and targeted retirement age and for which the investment mix becomes more conservative over time.
Investment fees and performance can be found on the Sun Life secure site using Morningstar®.