What is the L&G PMC Target Date Fund
Put simply, the L&G PMC Target Date Fund looks at your chosen retirement age and adjusts the way your pension savings are invested as you move closer to - and then into - retirement.
To understand how the L&G PMC Target Date Fund works watch this short video:
For a more detailed explanation of what the L&G PMC Target Date Fund invests in, how the investments change over time and the advantages and disadvantages, please see our Your guide to target date funds (PDF 1207KB).
Where can I find out more about the Target Date Fund?
The fund you are being moved into is based on your current chosen retirement age, as explained in the communication we sent to you about this investment change. You can also view or change your chosen retirement age in your online account.
Each L&G PMC Target Date Fund targets a different five-year date range. For example, if you expect to retire in 10 years’ time, you would be moved into 'L&G PMC 2035 – 2040 Target Date Fund'.
There are three stages to investing in target date funds. These three stages are called Growth, Approaching Retirement, and Retirement.
Find out more about what the Target Date Fund invests in at the growth and retirement stage:
For a more detailed explanation of how the investment strategy changes over time, and the advantages and disadvantages of investing in one of these funds, please see our Guide to Target Date Funds (PDF 1207KB).
Worksave Pension Plan
Please note, we have two different generations of funds for our Worksave Pension Plan (Generation 3 funds end with 3, Generation 25 funds end with 25). The specific fund your pension savings are being moved to is detailed in the communication we send to you about this investment change.
Please make sure you select the correct factsheet.
For a more detailed explanation of what the L&G PMC Target Date Fund invests in, how the investments change over time and the advantages and disadvantages, please see our Your guide to target date funds (PDF 1207KB). The value of an investment is not guaranteed and can go down as well as up. You may not get back the amount you originally invested.