Risk factors

All investments carry an element of risk. Please bear these points in mind:

• Once the cash equivalent transfer values (CETV) payments have been received and accepted by Legal & General they cannot be returned.
• The value of the benefits payable on the member’s death may be lower than those that would have been paid under the member’s scheme.
• The value of the units which make up a member’s fund can go down as well as up, so the value of their fund is not guaranteed. It is particularly important to remember this if a member is close to taking their benefits.
• We do not guarantee the growth rates used in our illustrations. If the actual growth rates are lower than those shown, the value of a member’s fund may also be less.
• The amount of pension income provided by a member’s fund will depend on a number of things, including investment returns and annuity rates at the time a member decides to take their benefits.
• The fund or funds members choose to invest in will have specific risks. These risks are described in our Portfolio Plus Funds Guide.
• If CETVs are invested in a fund that invests in property, it may be necessary to delay encashment during periods when property is not easily sold. The maximum delay is six months. This would not apply in the event of a member’s death. The value of property is generally a matter of the valuer’s opinion rather than fact.
• We can increase our charges. The members will be given prior notice of any such increase.
• The law and tax rates may change in the future.
• Past performance is not an indicator of future performance.