Legal and General Investment Management has launched a range of target date funds designed for investors “to and through” retirement.
The Pathway Fund Range groups members depending on their estimated retirement date and offers a choice of three “journey plans”.
The charges for the offering have not been disclosed.
LGIM says: “These aim to cover a range of retirement objectives, from the generation of a stable income, to continued investment growth.”
The funds will be managed by LGIM’s “solutions group” team. They will change asset allocations based on shifting demographics, market trends and regulatory changes.
LGIM head of DC distribution Emma Douglas says: “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.”
In February, Zurich launched 12 new target date funds managed by Threadneedle.
However, experts have warned target date funds have fundamental flaws.