L&G Lifetime Advantage Funds
What are Lifetime Advantage Funds?
The L&G Lifetime Advantage Funds (LAFs) aim to grow your pension value and are designed to match the year you plan to retire.
For example, when retirement is far away, the funds focus on growing your pension pot while managing risk. As you approach retirement, they gradually shift towards less risky investments to help you be retirement-ready.
To learn more about how the funds may invest at different stages of your journey , check out the Guide to Target Date Funds and the ‘How LAFs work’ tab.
Growing your pension investment
The funds invest your pension in a diversified mix of company shares and private market opportunities.
Approximately 15% of the funds are allocated to private market investments—an opportunity that most other pension funds typically don’t offer.
To explore what these investments are, check out the ‘Investment in numbers’ tab and the ‘Private Markets’ tab [INSERT LINKS].
Investing responsibly for better retirement futures
The value of your pension may be affected by the systematic risks across environmental, social and governance (ESG) areas which also bring opportunities.
Parts of the funds incorporate responsible investing strategies, with a focus on engagement, exclusion and enhancement.
Check out the ‘Responsible investing’ tab [INSERT LINK] to find out how the funds achieve this.
Where do the funds invest?
Below is a world map showing some of the companies, initiatives and projects that the funds may invest in. Click on the map to explore these investments in more detail.
This map is for illustrative purposes only and does not equate to investment advice.
Source: L&G Asset Management. Information and data as at 30 June 2025, unless otherwise stated, and is subject to change. Your pension is invested in lots of different assets and this map does not reflect the full extent of your pension investments. We may only hold a small stake in a company shown and the value of that stake is subject to going up or down. Private market investments constitute a small portion of a Lifetime Advantage Fund’s overall investment portfolio and should not be viewed as a core element of its asset allocation strategy. The number of private and public assets displayed on the map is illustrative and does not reflect the total value of these holdings. Reference to a particular company is on a historic basis and does not mean that investments in the company are currently held or will be held within the fund.