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 your core fund range.

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. 

For more information on your investments, see Fund information. For specific details about your funds such as their up-to-date performance, visit Manage Your Account.

Core funds

Your employer has selected this reduced list of funds and lifestyle profiles to make it easier for you to choose your own investments without having to look at the full range.

You need to consider which of these investment options are suitable for your circumstances. You can select any of the funds or a lifestyle profile from Legal & General‘s full range of investments in our fund centre.

See your core fund range

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 employer should’ve let you know what your AMC is, or it will be found in the communication you receive after joining.