Fund left uninvested

[Will Gilberson]

I had my pension transferred to a Bond about 25 years ago after I left an employment. Got on line to it recently and noticed it has been stagnant (has not gone up or down) in last 4 years (as far as I can go back online)
Suggestion was made that at maturity it transferred to cash and this is the reason, but I reached 65 just last year. Is there a valid explanation for this set of events or does it look like something has gone wrong

 

[RedOnion]

The default strategy for your bond might have been 'lifestyling' where it started to move from equities to bonds / cash as you approached retirement age. It wouldn't just switch over on one day, but maybe 10% per annum for the 10 years leading to retirement.

If your job had a normal retirement age of 60 it would have happened earlier.