L&G PMC Investment Pathway Option 1 Invest BG25
Making changes to your investment pathway
Some or all of your pension is invested in the L&G PMC Investment Pathway Option 1 Invest BG25.
On 25 November, 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 25 November 2026.
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
We have updated the investment pathway’s aim to correspond with the new allocations.
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. |
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 Benchmark | New Benchmark |
|---|---|
ABI Mixed Investment 40-85% Shares | ABI UK Mixed Investment 40%-85% Pension Sector |
Transaction costs
There are transactions costs involved with making any investment pathway changes. We estimate that this may be up to 0.21% of the value of your savings or £2.10 for every £1,000.
Transaction costs aren’t extra costs from Legal & General. They’re costs that anyone switching funds must pay every time they buy and sell units. The cost can change daily and is included in the unit prices used to calculate the value of your pension plan. We’ve considered these costs as part of the decision-making process to enhance the L&G PMC Investment Pathway Option 1.
For more information on transaction costs please go to legalandgeneral.com/transactioncosts.
What do you need to do?
You do not need to do anything if you’re happy with this change. You can stay in this pathway and we’ll automatically make these changes on 25 November 2026.
If your plans for taking money from your pension have changed, you may want to review whether this investment pathway is still right for you.
If you want to choose a different option that better suits your plans, please do so before 20 November 2026.
To choose a different option you can:
- Use the L&G app
- Log into your online account
- Contact us by email or on 0345 070 8686
Financial advice
Making choices about your pension isn’t always easy. You might want to speak with a financial adviser.
You can find one at unbiased.co.uk. Check that they’re regulated by the Financial Conduct Authority. Financial advisers usually charge for their services.
Please note that this site is to provide you with further information regarding this investment change – we are not providing you with financial advice.
Legal & General (Portfolio Management Services) Limited
Registered in England and Wales No. 2457525
We are authorised and regulated by the Financial Conduct Authority.
Legal & General Assurance Society Limited
Registered in England and Wales No. 166055
We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Registered office for both companies: One Coleman Street, London EC2R 5AA
Trust-Based Occupational Pension Schemes are authorised and regulated by The Pensions Regulator.
Administrator: Legal and General Assurance Society Limited. Registered in England and Wales No. 00166055.
Registered office: One Coleman Street, London EC2R 5AA.
Legal and General Assurance Society are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. However, the administration of occupational pension schemes is not regulated by the FCA or PRA.
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