Legal & General Lifestyle Profile options
The Trustee has set up the Lifestyle Profiles as automatic fund choices. This means if you dont make any investment decisions, your savings will be automatically invested for you 100% in the Lifestyle Profile.
Please note that choosing to go into a Lifestyle Profile is a decision in itself. It won't always be the right choice for everyone.
When you are in the early stages of your career, the Lifestyle Profiles will be targeting growth by investing mainly in equities. As you get closer to your Target Retirement Date, it will start to switch into the protection phase by moving gradually into investment funds that carry less risk.
If you chose one of the Lifestyle Profiles, you won't be able to use additionally the range of self-select funds. Further information on the investment funds that make up the Lifestyle Profiles can be found on this page.
Airbus Annuity Lifestyle Profile
The Airbus Annuity Lifestyle is not an automatic choice but is available for members to select.
The fund will fully invest in global equities whilst members are more than 15 years away from retirement, and then introduce the more cautious Diversified Fund and bond funds during the period leading towards retirement to reduce the impact of possible investment market falls. In the last 5 years, Cash, Index Linked Gilts and Fixed Interest Gilts are introduced to reduce the investment risk of the fund whilst still maintaining a level of growth. This approach is believed to deliver more growth over the life of the investment and a smoother pathway for removing investment risk towards retirement, whilst still having an appropriate level of growth. The shape of the investments for this fund is suitable for members to take 25% as cash and use the remainder of their investment pot to purchase an annuity at retirement.
Airbus Drawdown Lifestyle Profile
This is the automatic fund choice for the Airbus UK Retirement Plan.
The fund will fully invest in global equities whilst members are more than 15 years away from retirement .Then introduce the more cautious Diversified Fund and bond funds during the period leading towards retirement to reduce the impact of possible investment market falls. In the last 5 years a small amount of cash is introduced. The shape of this fund is suitable for members to take 25% cash and the remainder of their investment pot as an income drawdown product at retirement.
Airbus Cash Lifestyle Profile
This is the automatic fund choice for members of Schedule 1 and also for members of Schedule's 2 and 3 that pay AVCs. The Airbus Cash Lifestyle Profile starts to switch your investments to more cautious funds 8 years before you retire and its end target is 100% in the Cash Fund. This option is more appropriate for members who are able to take their investments as cash (Schedules 1, 2 and 3).
The graph on the right shows how the switches take place over the 8 years before retirement.
Legal & General Self-select investment options
Equity funds
Legal & General Global Equity Fixed Weights (50:50) Index Fund - This fund is split equally between UK equities and overseas equities. A typical mix of the 50% overseas element is divided 17.5% in Europe (excluding the UK), 17.5% in North America, 8.75% in Japan and 6.25% Asia Pacific (excluding Japan). The fund aims to track the sterling total returns of the UK and overseas markets as measured by the FTSE All-Share Index in the UK and the relevant sub-divisions of the FTSE World index overseas.
Legal & General UK Equity Index Fund - The fund invests in the shares of UK companies and aims to track the return of the FTSE UK All-Share Index.
Legal & General World (ex-UK) Equity Index Fund - The fund invests in the shares of overseas companies and aims to track the FTSE World (excluding UK) Index.
Legal & General World Emerging Markets Equity Index Fund - The fund invests in the shares of emerging market companies and aims to track the FTSE All-World Emerging Markets Index.
Bond funds
Legal & General AAA-AA-A Corporate Bond Over 15 Year Index - The fund invests in investment grade corporate bonds and aims to track the iBoxx £ Non-Gilts (ex-BBB) Over 15 Year Index.
Legal & General Over 15 Year Gilts Index Fund- The fund invests in UK Government fixed income securities (gilts) that have a maturity period of 15 years or longer. The fund aims to track the FTSE A Government (Over 15 year) Index.
Legal & General Over 5 Year Index Linked Gilts Fund - The fund invests in UK Government index linked gilts that have a maturity period of five years or longer. The fund aims to track the FTSE A Index-linked (Over 5 Year) index.
Cash fund
Legal & General Pension Cash Fund - The fund aims to provide capital protection with growth at short term interest rates. The fund invests in the short term money markets such as bank deposits and Treasury Bills.
Specialist funds
Legal & General Diversified Fund - This is a diversified growth fund which aims to provide long-term growth through exposure to a diversified range of asset classes. Investments will include equities, bonds, property and other alternative asset classes.
Legal & General Property Fund - The fund invests in a range of commercial and industrial freehold and leasehold property. It may also invest up to 15% in other external property funds.
Legal & General Pension HSBC Life Amanah Fund - The fund invests in the shares of companies around the world and is compliant with Islamic Shariah principles. The fund aims to track the performance of the Dow Jones Islamic Titans Index.
L&G fund charges
We offer a range of investment choices which have been designed to meet the needs of most members. Legal & General has been appointed to provide these funds.
Detailed below are the fund choices we offer, the Annual Management Charge for each fund and a link to the fund factsheet.
| Fund | Total Management Charge (per year) |
|---|---|
| L&G Global Equity Fixed Weights (50:50) Index Fund |
0.28% |
| L&G UK Equity Index Fund |
0.28% |
| L&G World (ex UK) Equity Index Fund |
0.30% |
| L&G World Emerging Markets Equity Index Fund |
0.63% |
| L&G AAA-AA-A Corporate Bond Over 15 Year Index | 0.30% |
| L&G Over 15 Year Gilts Index Fund | 0.26% |
| L&G Over 5 Year Index Linked Gilts Fund | 0.26% |
| L&G Pension Cash Fund | 0.28% |
| L&G Diversified Fund | 0.45% |
| L&G Property Fund | 0.89% |
| L&G Pension HSBC Life Amanah Fund | 0.73% |