This guide serves as a comprehensive resource for members of the Shetland Islands Council Pension Fund, specifically focusing on the Local Government AVC Scheme. It provides essential information about the available funds for pension savings and outlines the importance of saving for retirement. The guide is structured into three sections: the first section introduces investment basics, including concepts like risk, diversification, and associated costs. The second section details specific fund options available for investment, while the third section offers practical information about funds, including the Financial Services Compensation Scheme and a glossary of investment terms. Readers are encouraged to consult a financial adviser for personalized guidance and to read the entire document to fully understand their investment choices. The guide emphasizes the potential risks and rewards associated with different asset types and the importance of diversification in managing investment risk.