The basics

• A Group Portfolio Plus Self Invested Personal Pension (SIPP) is a group of Self Invested Personal Pension plans arranged by an employer for their employees. Each employee has their own plan, which they can take with them if they change jobs.
• The Group Portfolio Plus SIPP offers access to over 300 insured funds from over 40 fund managers (i.e. the full range of investment options available through the Legal & General Portfolio Plus SIPP), with the option to display a list of the financial adviser's preferred choice of funds from the whole range.
• There is also an option to invest Non Protected Rights in an additional arrangement that can be used for self investment.  This gives a choice of investments in addition to the funds shown in the Portfolio Plus Funds Guide and is known as the self invested arrangement.
• Self investment is a very simple concept – it gives greater control to the plan holder over where the pension fund is invested.  Under the insured arrangement, the fund managers decide which assets, such as shares, property, cash and bonds the fund is invested in.  Under a self invested arrangement the member makes the investment decisions.
• There are restrictions on where you can invest the first £25,000, please see the Key Features document or seek advice for further details.

The value of the units which make up a fund can go down as well as up, so the value of a member's fund is not guaranteed.  It is particularly important to remember this if a member is close to retirement. Please remember that the money is tied up until a member takes their retirement benefits. Please view the other risk factors associated with this product.