Pension Assured Fund/MDD factors

The Pension Assured Fund (PAF) ​is closed to new members​. Contributions to this fund stopped altogether in June 2007. ​The Fund's assets are managed by Aviva. 

The ​PAF aims to provide a return through investment income and capital growth, while providing security of capital at age 55. View the PAF's Product Particular.

Investment returns from the PAF are specific to you and depend on your age and contributions history. 

If you are ​under 55 years old, your investments may be subject to a Market Depreciation Discount (MDD) factor, which means that you may not receive the full value of your units if you want to withdraw your money before this age. These factors are determined monthly by Aviva.

See how the MDD factors are calculated.