L&G - Investment Change LAF

We recently wrote to you about a change to the way your pension savings will be invested.

Unless you tell us otherwise, all your pension savings, and any future contributions, will be invested in the new default investment, the L&G PMC Lifetime Advantage Fund.

Each L&G PMC Lifetime Advantage Fund targets a different five-year date range, so the specific one you move into is dependent on your chosen retirement age. The default investment is where we invest your pension savings unless you tell us otherwise.

This site will help you learn more about how the L&G PMC Lifetime Advantage Fund works, the investment change that’s being made and what options you have.

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Video transcript

Legal & General’s Lifetime Advantage Fund

With Legal and General by your side, the road to retirement will feel much smoother. Our Lifetime Advantage Fund is designed to change over time to meet the needs of our members as they progress through their working life and beyond.

Here’s how it works. We place your savings into a fund targeting a 5-year period around your chosen retirement age. Over time the fund rolls into different investment mixes throughout your savings journey and into retirement.

The investment mix for the fund includes assets and projects that are not typically available through public markets. These innovative projects are carefully selected by our investment specialists.

We’ll aim to grow the return on your savings while giving you the flexibility to decide how and when you’d like to retire. Although as with any investment, there are no guarantees, and the value of the fund may go down as well as up.

With the Lifetime Advantage Fund, you have a fund that aims to support your pension decisions, to and through your retirement.

Lifetime Advantage Fund (LAF)

Legal & General’s Lifetime Advantage Fund