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:

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:

• D100759 Target Date Fund: Growth Stage
• D100761 Target Date Fund: Retirement Stage

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.