The pension fund manager invests your savings in a scheme chosen by you. Investment allocations directly impact the growth of your pension fund. The rate of return depends on the return from the asset classes chosen by you to invest in. These could be equity instruments, fixed income instruments and government securities. The NAV for each PFM is published on the CRA website. There returns earned by the PFM on your chosen schemes are credited to your account. Check your Tier I offer document to know the risk details of your investments.