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L&G PMC Investment Pathway Option 1 Invest B3

Making changes to your investment pathway

Some or all of your pension is invested in the L&G PMC Investment Pathway Option 1 Invest B3.

On <<DATE>>, we’ll be making changes to the way this investment pathway option is invested. This guide is here to provide you with information on:

Why we're making this change
What you need to know
Details on the changes
Transaction costs
Actions you need to take
Financial advice

Quick links

Why are we making this change?

We review our investment pathways each year.

We believe this change will help the pathway to keep meeting its aim, whilst continuing to offer value for money.

What do you need to know?

The changes to this investment pathway will take place on <<DATE>>

Between <<DATE>> and <<DATE>>, you won’t be able to make any changes in your online account.

To make this change, we need to buy and sell funds. If fund prices are moving up and down a lot when the change is due to happen, we may delay it for up to 30 days. If we need to delay it for longer than 30 days, we'll write to let you know

Details on the changes

Fund ID: B243

After a review, we’re changing the investments used by this investment pathway

Old fund allocation
100%
Multi-Asset Fund

New Fund allocation
100%
Future World Multi-Asset Fund

Your chosen investment pathway has a fund management charge (or FMC). The fund management charge covers the cost of managing and running the fund. For example, a charge of 0.30% means that each year you’ll pay £3.00 for every £1,000 you have invested.

The fund management charge for your investment pathway is increasing.

However, it is expected this new investment approach will produce a better outcome for members. This cannot be guaranteed.

Old Fund Management Charge
0.13%

New Fund Management Charge
0.16%

We have updated the investment pathway’s aim to correspond with the new allocations.

We're also changing the benchmark used for your investment option. A benchmark is a way of measuring how an investment option is performing. It is a point of comparison only, and it doesn’t affect your pension savings.

We're updating the investment pathway's benchmark so it better reflects the investments now held in the investment pathway.

Old aim	New aim
The fund aims to provide an appropriate investment solution for those who have no plans to touch their money in the next five years. It aims for longer term investment growth through exposure to a diversified range of asset classes. Underlying investments may change from time to time.	The fund aims to provide an appropriate investment solution for those who have no plans to touch their money in the next five years. It aims for longer term investment growth through exposure to a diversified range of asset classes. The fund seeks to reflect significant environmental, social and corporate governance (ESG) issues in its investment strategy. Underlying investments may change from time to time.

Old aim

New aim

The fund aims to provide an appropriate investment solution for those who have no plans to touch their money in the next five years. It aims for longer term investment growth through exposure to a diversified range of asset classes. The fund seeks to reflect significant environmental, social and corporate governance (ESG) issues in its investment strategy. Underlying investments may change from time to time.