The Pension Index-Linked One Fund is invested principally in UK Government issued index-linked treasury stock. It may also be invested in any similar UK stock issued in the future. The returns from index-linked treasury stock are linked to the Retail Prices Index, although the returns from the fund are not. They are linked to the underlying prices of stock, which can go down or up.
The Pension Index-linked One Fund is no longer available for Group Personal Pension Plan or Personal Pension Plan new business however it is available for new business within the other contracts that invest in the Pension One Funds.