Legal & General Investment Management Launches Pathway Target Date Funds
Legal & General Investment Management (LGIM) announces today the launch of its L&G Pathway Fund Range, the latest in a series of innovative DC offerings to help achieve better member outcomes. Designed to help defined contribution (DC) schemes navigate the new pensions landscape, the L&G Pathway Funds offer DC investors a tailored 'to and through' retirement solution.
We believe that DC solutions should offer investors flexibility, both before, and during retirement. Each Pathway Fund has a range of 'target dates' so members can choose a fund that aligns with their estimated retirement date. We recognise that DC savers have different retirement goals, so our Pathway Funds also offer a choice of three 'Journey Plans'. These aim to cover a range of retirement objectives, from the generation of a stable income, to continued investment growth.
Designed following the introduction of Freedom and Choice, and specifically designed to be appropriate for both pre-retirement and in-retirement investment, the L&G Pathway Funds are managed by LGIM's Solutions Group. The team will regularly review the asset allocation to reflect demographic changes, evolution in market trends and regulatory developments. Professional risk management and investment diversification are key parts of the Funds' strategy throughout the entire investment journey.
Marcus Mollan, Head of Investment Strategy, LGIM, said: "Scheme members place huge trust in their workplace schemes and rely on their performance. With the L&G Pathway Fund Range, we are bringing to market funds that are aligned with members' chosen retirement goals and have an increasing focus on risk management as members approach and go through retirement. At the same time, we are also responding to the need for a DC investment strategy that can adapt to changing markets and trends in pensions and savings."
Emma Douglas, Head of DC Distribution at LGIM, said: "An increasingly flexible pensions landscape calls for significant innovation to help members meet their retirement income requirements. Our Pathway Funds offer an asset allocation that keeps evolving to and through retirement. The DC investment journey no longer has to stop at retirement!"
Legal & General Group is a leading provider of annuities and equity release solutions, which provides us with an in-depth understanding of member needs and the range of post-retirement solutions, including longevity protection solutions, that are available to individuals.
Notes to editors
LEGAL & GENERAL INVESTMENT MANAGEMENT:
Legal & General Investment Management (LGIM) is one of Europe’s largest institutional asset managers and a major global investor. LGIM manages £725.9 billion in total assets for more than 3,000 clients*. Throughout the past 40 years we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across a full spectrum of asset classes including equities, fixed income, commercial property and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.
*As at 30 June 2015; total assets include assets under management, notional derivative positions and advisory assets.
Investing in financial markets exposes investors to risk. The L&G Pathway Fund Range invests in a wide range of asset classes, predominantly equities and fixed income, typically by investing in other funds. The Funds may also hold assets in currencies that are not denominated in sterling. If the value of the underlying investments falls or the value of the currencies the Funds invest in falls compared to sterling the value of the Funds may go down.
For more information please contact:
Head of Group Corporate Communications
t: +44 (0) 2031 242095
m: +44 (0) 7515 324001