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Your investment range

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

Lifestyle 2002 Strategy

Lifecycle 2012 Strategy

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.

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.

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