A defined contribution (DC) pension is built from contributions made by you and your employer, plus any investment returns. Jarvis is a DC pension scheme.
Your pot depends on how much is paid in, how long it is invested, and how your funds perform. The value can go up as well as down.
When you retire, you use your pot to fund your income: lump sums, regular withdrawals (drawdown), or a guaranteed income (annuity).
Related: What portfolios does Jarvis offer? | Pension glossary