This page shows the funds available to you. You can choose to invest your pension savings in any of the funds listed below.
Each fund has been given a risk rating from one to seven (1 the lowest risk to 7 the highest risk). It’s important you understand all the risks before making any investment decision Our guide to risk and reward will help.
Lifecycle strategies
To see all the Lifecycle strategies available
Freestyle funds
To see all the Freestyle funds available
Fund specific risks
In the table of funds, there are one or more numbers listed against each fund. Each number relates to a risk associated with that fund, and there is a description of these further down the page.
Charges
Each fund has a fund management charge (FMC), which is made up of the investment management charge (IMC) plus additional expenses (AE) *AE can vary throughout the year.
Freestyle funds available
To find out more about each fund (including performance, risks and charges) click on the fund name. You can also click on each column header to help you group investment funds together e.g. by ABI sector.
Please note the data in this table was last updated on 29 October 2024
M Plan and DSL Plan members
You can invest your pension pot in any of the funds listed below. To find out more information about each fund listed, including its aims, asset allocation and performance, simply click on the fund name.
Fund risk rating category | Fund name | Fund code | ABI sector | Fund specific risks | IMC | AE | FMC |
---|---|---|---|---|---|---|---|
1 | IBM Pension Plan UK Money Fund | B613 | Money Market | 2, 3, 13, 39, 62 | 0.05% | 0.01% | 0.06% |
5 | IBM Pension Plan All World Equity | B713 | Global Equities | 1, 5, 6a, 10, 22, 39, 62 | 0.09% | 0.00% | 0.09% |
4 | IBM Pension Plan Emerging Markets Debt | B723 | Global High Yield | 2, 3, 4, 5, 10, 39, 62 | 0.18% | 0.00% | 0.18% |
4 | IBM Pension Plan Growth Fund | B743 | Mixed Investment 20%-60% Shares | 1, 2, 3, 4, 5, 6a, 6b, 7, 8, 10, 11, 14, 15, 22, 23, 36, 37, 38, 62 | 0.14% | 0.01% | 0.15% |
4 | IBM Pension Plan Corporate Bonds | B663 | Sterling Corporate Bond | 2, 3, 39, 62 | 0.07% | 0.00% | 0.07% |
5 | IBM Pension Plan World ex UK Developed Equity | B643 | Global Equities | 1, 5, 6a, 22, 39, 62 | 0.07% | 0.00% | 0.07% |
5 | IBM Pension Plan Future World Fund | BPH3 | Global Equities | 1, 5, 6a, 15, 22, 36, 39, 62 | 0.23% | 0.00% | 0.23% |
5 | IBM Pension Plan Growth Plus Fund | B693 | Mixed Investment 40%-85% Shares | 1, 2, 3, 4, 5, 6a, 6b, 7, 8, 10, 11, 15, 22, 36, 37, 38, 62 | 0.16% | 0.01% | 0.17% |
6 | IBM Pension Plan Infrastructure Equity | B733 | Specialist | 1, 6a, 11, 22, 37, 39, 62 | 0.34% | 0.00% | 0.34% |
5 | IBM Pension Plan Pre-Retirement Fund | B653 | Sterling Long Bond | 2, 3, 24, 39, 62 | 0.07% | 0.00% | 0.07% |
6 | IBM Pension Plan Pre-Retirement Inflation-Linked | B773 | Sterling Long Bond | 2, 3, 9, 14, 23, 24, 39, 62 | 0.07% | 0.00% | 0.07% |
5 | IBM Pension Plan World Emerging Markets Equity | B673 | Global Emerging Markets Equities | 1, 5, 6a, 10, 22, 39, 62 | 0.20% | 0.01% | 0.21% |
5 | IBM Pension Plan Ethical Global Equity | B683 | Global Equities | 1, 5, 6a, 15, 22, 39, 62 | 0.18% | 0.00% | 0.18% |
6 | IBM Pension Plan Global Real Estate Equity | B753 | Property Other | 1, 6a, 11, 22, 37, 39, 62 | 0.20% | 0.00% | 0.20% |
6 | IBM Pension Plan Ethical UK Equity | B593 | UK All Companies | 1, 6a, 15, 39, 62 | 0.15% | 0.00% | 0.15% |
6 | IBM Pension Plan UK Equity | B633 | UK All Companies | 1, 6a, 39, 62 | 0.05% | 0.00% | 0.05% |
6 | IBM Pension Plan Over 15 Year Gilts | B533 | UK Gilts | 2, 3, 14, 39, 62 | 0.04% | 0.00% | 0.04% |
6 | IBM Pension Plan Index Linked Gilts | B703 | UK Index-linked Gilts | 2, 3, 14, 23, 39, 62 | 0.04% | 0.00% | 0.04% |
4 | IBM Pension Plan Sustainable Corporate Bond | BAF3 | Sterling Corporate Bond | 2, 3, 6a, 15, 36, 37, 39, 62 | 0.10% | 0.00% | 0.10% |
4 | IBM Pension Plan Sustainable Global Equity Index | B8Z3 | Global Equities | 1, 5, 6a, 8, 10, 15, 22, 36, 37, 39, 62 | 0.13% | 0.00% | 0.13% |
5 | IBM Pension Plan Sustainable Emerging Mkts Eq Indx | BAD3 | Global Emerging Markets Equities | 1, 5, 6a, 10, 15, 22, 36, 37, 39, 62 | 0.23% | 0.00% | 0.23% |
6 | IBM Pension Plan HSBC Shariah | BAG3 | Global Equities | 1, 5, 10, 11, 39, 62 | 0.23% | 0.09% | 0.32% |
5 | IBM Pension Plan Sustainable Dev (ex UK) Eq Index | B9Z3 | Global Equities | 1, 5, 6a, 15, 22, 36, 37, 39, 62 | 0.11% | 0.00% | 0.11% |
6 | IBM Pension Plan Sustainable UK Equity Index | BAC3 | UK All Companies | 1, 6a, 15, 36, 37, 39, 62 | 0.08% | 0.00% | 0.08% |
DSL Plan members only
In addition to the above, you can invest your pension pot in any of the funds listed below. To find out more information about each fund listed, including its aims, asset allocation and performance, simply click on the fund name.
Fund risk rating category | Fund name | Fund code | ABI sector | Fund specific risks | IMC | AE | FMC |
---|---|---|---|---|---|---|---|
5 | IBM Pension Plan (DSL) Global Equity 70:30 | B563 | Global Equities | 1, 5, 6a, 10, 39, 62 | 0.00% | 0.00% | 0.00% |
6 | IBM Pension Plan (DSL) Over 15yr Gilts | B573 | UK Gilts | 2, 3, 14, 39, 62 | 0.00% | 0.00% | 0.00% |
1 | IBM Pension Plan (DSL) UK Money Fund | B623 | Money Market | 2, 3, 13, 39, 62 | 0.00% | 0.01% | 0.01% |
5 | IBM Pension Plan (DSL) Growth Plus Fund | B763 | Mixed Investment 40%-85% Shares | 1, 2, 3, 4, 5, 6a, 8, 10, 11, 15, 22, 36, 37, 62 | 0.00% | 0.00% | 0.00% |
Closed Freestyle funds - M Plan and DSL Plan members
The following funds are closed to new investment elections. This means you can no longer select the following closed funds. However, if you are already invested in these funds, you can continue to invest in them.
Where applicable, if you choose to switch out of a closed fund in the future, you will not be able to switch back at a later stage.
Remember, you can change the funds your pension pot is invested in at any time and as often as you want. You can do this calling us Legal & General on 0345 675 0017. Call charges will vary. Legal & General may record and monitor calls.
Alternatively, you can use the investment switch e-form that can be found within Manage Your Account.
Fund risk rating category | Fund name | Fund code | ABI sector | Fund specific risks | IMC | AE | FMC |
---|---|---|---|---|---|---|---|
5 | IBM Pension Plan Global Equity 60:40 | B583 | Global Equities | 1, 5, 6a, 10, 22, 39, 62 | 0.06% | 0.00% | 0.06% |
5 | IBM Pension Plan Global Equity 70:30 | B543 | Global Equities | 1, 5, 6a, 10, 39, 62 | 0.06% | 0.00% | 0.06% |
5 | IBM Pension Plan Growth Plus Fund (was Consensus) | B553 | Mixed Investment 40%-85% Shares | 1, 2, 3, 4, 5, 6a, 6b, 7, 8, 10, 11, 15, 22, 36, 37, 38, 62 | 0.16% | 0.01% | 0.17% |
6 | IBM Pension Plan Annuity Protection | B603 | UK Index-Linked Gilts | 2, 3, 14, 23, 39, 62 | 0.04% | 0.00% | 0.04% |
I Plan members
You can invest your pension pot in any of the funds listed below. To find out more information about each fund listed, including its aims, asset allocation and performance, simply click on the fund name.
Fund risk rating category | Fund name | Fund code | ABI sector | Fund specific risks | IMC | AE | FMC |
---|---|---|---|---|---|---|---|
5 | IBM IT Sols AVC All World Equity | B933 | Global Equities | 1, 5, 6a, 10, 22, 39, 62 | 0.09% | 0.00% | 0.09% |
4 | IBM IT Sols AVC Emerging Markets Debt | B943 | Global High Yield | 2, 3, 4, 5, 10, 39, 62 | 0.18% | 0.00% | 0.18% |
5 | IBM IT Sols AVC Ethical Global Equity | B903 | Global Equities | 1, 5, 6a, 15, 22, 39, 62 | 0.18% | 0.00% | 0.18% |
6 | IBM IT Sols AVC Ethical UK Equity | B823 | UK All Companies | 1, 6a, 15, 39, 62 | 0.15% | 0.00% | 0.15% |
6 | IBM IT Sols AVC Global Real Estate Equity | B973 | Property Other | 1, 6a, 11, 22, 37, 39, 62 | 0.20% | 0.00% | 0.20% |
4 | IBM IT Sols AVC Growth Fund | B963 | Mixed Investment 20%-60% Shares | 1, 2, 3, 4, 5, 6a, 6b, 7, 8, 10, 11, 14, 15, 22, 23, 36, 37, 38, 62 | 0.14% | 0.01% | 0.15% |
5 | IBM IT Sols AVC Growth Plus Fund | B913 | Mixed Investment 40%-85% Shares | 1, 2, 3, 4, 5, 6a, 6b, 7, 8, 10, 11, 15, 22, 36, 37, 38, 62 | 0.16% | 0.01% | 0.17% |
6 | IBM IT Sols AVC Index Linked Gilts | B923 | UK Index-linked Gilts | 2, 3, 14, 23, 39, 62 | 0.04% | 0.00% | 0.04% |
6 | IBM IT Sols AVC Infrastructure Equity | B953 | Specialist | 1, 6a, 11, 22, 37, 39, 62 | 0.34% | 0.00% | 0.34% |
4 | IBM IT Sols AVC Corporate Bonds | B883 | Sterling Corporate Bond | 2, 3, 39, 62 | 0.07% | 0.00% | 0.07% |
6 | IBM IT Sols AVC Over 15 Year Gilts | B803 | UK Gilts | 2, 3, 14, 39, 62 | 0.04% | 0.00% | 0.04% |
6 | IBM IT Sols AVC Pre-Retirement Inflation-Linked | B983 | Sterling Long Bond | 2, 3, 9, 14, 23, 24, 39, 62 | 0.07% | 0.00% | 0.07% |
5 | IBM IT Sols AVC Pre-Retirement Fund | B873 | Sterling Long Bond | 2, 3, 24, 39, 62 | 0.07% | 0.00% | 0.07% |
1 | IBM IT Sols AVC UK Money Fund | B843 | Money Market | 2, 3, 13, 39, 62 | 0.05% | 0.01% | 0.06% |
6 | IBM IT Sols AVC UK Equity | B853 | UK All Companies | 1, 6a, 39, 62 | 0.05% | 0.00% | 0.05% |
5 | IBM IT Sols AVC World ex UK Developed Equity | B863 | Global Equities | 1, 5, 6a, 22, 39, 62 | 0.07% | 0.00% | 0.07% |
5 | IBM IT Sols AVC World Emerging Markets Equity | B893 | Global Emerging Markets Equities | 1, 5, 6a, 10, 22, 39, 62 | 0.20% | 0.01% | 0.21% |
5 | IBM IT Sols AVC Future World Fund | BPI3 | Global Equities | 1, 5, 6a, 15, 22, 36, 39, 62 | 0.23% | 0.00% | 0.23% |
4 | IBM IT Sols AVC Sustainable Global Equity Index | BAK3 | Global Equities | 1, 5, 6a, 8, 10, 15, 22, 36, 37, 39, 62 | 0.13% | 0.00% | 0.13% |
4 | IBM IT Sols AVC Sustainable Dev (ex UK) Eqty Index | BAL3 | Global Equities | 1, 5, 6a, 15, 22, 36, 37, 39, 62 | 0.11% | 0.00% | 0.11% |
6 | IBM IT Sols AVC Sustainable UK Equity Index | BAM3 | UK All Companies | 1, 6a, 15, 36, 37, 39, 62 | 0.08% | 0.00% | 0.08% |
5 | IBM IT Sols AVC Sustainable Emerg Mkt Equity Index | BAN3 | Global Emerging Markets Equities | 1, 5, 6a, 10, 15, 22, 36, 37, 39, 62 | 0.23% | 0.00% | 0.23% |
4 | IBM IT Sols AVC Sustainable Corporate Bond | BAO3 | Sterling Corporate Bond | 2, 3, 6a, 15, 36, 37, 39, 62 | 0.10% | 0.00% | 0.10% |
6 | IBM IT Sols AVC HSBC Shariah | BAP3 | Global Equities | 1, 5, 10, 11, 39, 62 | 0.23% | 0.09% | 0.32% |
Closed freestyle funds – I Plan members
The following funds are closed to new investment elections. This means you can no longer select the following closed funds. However, if you are already invested in these funds, you can continue to invest in them.
Where applicable, if you choose to switch out of a closed fund in the future, you will not be able to switch back at a later stage.
Remember, you can change the funds your pension pot is invested in at any time and as often as you want. You can do this calling us Legal & General on 0345 675 0017. Call charges will vary. Legal & General may record and monitor calls. Alternatively, you can use the investment switch e-form that can be found within Manage Your Account.
Fund risk rating category | Fund name | Fund code | ABI sector | Fund specific risks | IMC | AE | FMC |
---|---|---|---|---|---|---|---|
5 | IBM IT Sols AVC Global Equity 60:40 | B813 | Global Equities | 1, 5, 6a, 10, 22, 39, 62 | 0.06% | 0.00% | 0.06% |
5 | IBM IT Sols AVC Global Equity 70:30 | B793 | Global Equities | 1, 5, 6a, 10, 39, 62 | 0.06% | 0.00% | 0.06% |
5 | IBM IT Sols AVC Growth Plus (was Consensus) | B783 | Mixed Investment 40%-85% Shares | 1, 2, 3, 4, 5, 6a, 6b, 7, 8, 10, 11, 15, 22, 36, 37, 38, 62 | 0.16% | 0.01% | 0.17% |
6 | IBM IT Sols AVC Annuity Protection | B833 | UK Index-Linked Gilts | 2, 3, 14, 23, 39, 62 | 0.04% | 0.00% | 0.04% |
Lifecycle strategies available
M Plan
The following Lifecycle strategies are available:
Lifecycle Balanced 2020 Strategy (Default investment option)
Lifecycle to Annuity 2020 Strategy
Lifecycle to Drawdown 2020 Strategy
Lifecycle to Lump Sum 2020 Strategy
DSL Plan
The following Lifecycle strategies are available:
Lifecycle Balanced 2020 Strategy (DSL) (Default investment option)
Lifecycle to Annuity 2020 Strategy
Lifecycle to Drawdown 2020 Strategy
Lifecycle to Lump Sum 2020 Strategy
I Plan
The following Lifecycle strategies are available:
Lifecycle to Lump Sum 2020 (I Plan) Strategy (Default investment option)
Lifecycle to Annuity 2020 (I Plan) Strategy
Lifecycle Balanced 2020 (I Plan) Strategy
Lifecycle to Drawdown 2020 (I Plan) Strategy
Closed Lifecycle/Lifestyle strategies
To find out more about these Lifecycle strategies, click on the links above. For further information on Lifecycle strategies visit Lifecycle strategies
Fund specific risks
Each number relates to a risk associated with that fund, and this section contains descriptions of those risks.
There are some numbers missing from this list. Although Legal & General applies these risks to a range of funds, only the risks that might apply to the funds in this guide are shown in this list.
- 1 - Equities
- 2 - Fixed interest securities
- 3 - Risk of issuer becoming less secure
- 4 - Sub-investment grade
- 5 - Currency changes
- 6a - DERIVATIVES: in relation to funds using derivatives for “EPM” purposes
- 6b - DERIVATIVES in relation to funds using derivatives for “investment”
- 7 - Derivative counterparty risk
- 8 - Smaller companies
- 9 - Limited holdings
- 10 - Emerging markets
- 11 - Market sector
- 12 - Property
- 13 - Money market
- 14 - Few bond issuers
- 15 - Exclusions
- 22 - Stock lending
- 23 - Inflation and index linked instruments
- 24 - Pre-retirement funds
- 25 - Exchange traded funds
- 30 - Retirement income drawdown
- 36 - Exclusion of companies who do not meet LGIM’s standards in accordance with LGIM's climate impact pledge
- 37 - Turnover
- 38 - Commodities
- 39 - Portfolio diversification
- 41 - Infrastructure
- 42 - Real estate
- 43 - Private companies
- 60 - Targeted absolute return funds
- 61 - Reinsurance credit risk
- 62 - Delayed repayment
Changing where your pension savings are invested
You can change where your pension savings are invested at any time: Log in to Manage Your Account. You can see the different funds and change the way your pension savings are invested.
