Zurich Target Annuity funds
Zurich Target Annuity funds can be suitable if you want to use some or all of your plan value to buy a secure lifelong income - this is called an annuity. These funds automatically switch to lower risk assets as you approach retirement. That way, they can help protect your savings from sudden falls in the stock market just before you want to retire.
However, lower risk assets have less potential for investment growth which means you could miss out on any growth as you approach retirement
The Zurich retirement planning fund range can help you plan for the retirement you want.
You can usually take the first 25% of your plan tax-free, the rest will be taxed as normal income.