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Other ways to invest your pension

Members of this pension plan can invest their pension savings in either:

Investment fund

An investment fund can invest in different things such as property, company shares, bonds and cash.These are known as asset classes.

It is run by a fund manager who makes sure the fund(s) is/are being run in the right way on behalf of the investors.

You can invest in a range of different investment funds.

What happens when I invest in a fund?

Each fund is divided into units. When you invest in one of our funds, you buy units in that fund.

The price of units will change as the value of the underlying assets purchased by the fund changes.

If the unit price goes up, the value of your investment will increase. Similarly, if the unit price falls, so will the value of your investment.

For more information about investing and the choices available to you, see Basics of investing.

Lifestyle profile

This is an investment strategy that automatically adjusts where your pension pot is invested as you approach your selected retirement age.

A typical lifestyle profile is designed to automatically move your money into funds that reflect the way you want to take your money when you get to your selected retirement date, such as taking regular income or cash lump sums.

You can only invest in one lifestyle profile at a time and cannot invest in any other funds at the same time. 

What are the charges?

Each investment fund has a fund management charge (FMC). The FMC is a regular charge and varies from fund to fund. It covers the day-to-day costs of managing the fund.

It is made up of the investment management charge (IMC) plus additional expenses (AE).

The additional expenses (AE) are variable and consist of things like:

  • share registration fees
  • legal fees and
  • custodian fees.

They can vary throughout the year and the FMC may change from time to time when they are updated. To work out the total cost of running a pension plan, add the annual management charge (AMC), which covers Legal & General’s administration costs, to the FMC.

Your funds and lifestyle profiles

For the funds and lifestyle profiles available to you register or log in to Manage Your Account.

Responsible investing

Find out how our investment management business incorporates a responsible investing approach, considering environmental, social and governance (ESG) issues in their investment process.