Fund Centre | Legal & General (2024)

Legal and regulatory information

Our general site Terms and Conditions govern the use of this website and are set out below. Please read them carefully as by using the site you indicate your acceptance of them.

Advice

Nothing in this site shall be deemed to constitute financial or other professional advice in any way. In choosing to buy any Legal & General product from this site you should not rely solely on the information contained within the site pages. You should carefully read the policy documentation and/or terms and conditions relating to any specific product before purchasing.

Variation of content

Legal & General reserves the right in its absolute discretion at any time and without notice to remove, amend or vary any of the content which appears on any page of this site, including any terms and conditions. Any changes to these terms and conditions will be posted on this site and by continuing to use this site following any such change you will agree to be bound by the revised conditions.

Disclaimer

Legal & General Content
Whilst Legal & General has taken all reasonable steps to ensure that the information contained within the pages of this site is accurate, current and complies with the relevant legislation and regulations, no warranty is given and no representation is made regarding the accuracy of or completeness of this site.
Third Party Content
This website may make available, from time to time, information and resources of third parties, including (without limitation) text, graphics, audio, visual (including still visual images) and/or audio-visual material, software, applications, data, database content or other multimedia content, information and material, including the metadata relating to any such content ("Third Party Content"). You acknowledge that the Third Party Content made available through our website:
1. has not been created by or endorsed by Legal & General and that Legal & General has no control over and assumes no responsibility for the Third Party content;
2. is made available for general informational purposes only and the availability of Third Party Content on our website does not constitute a recommendation or solicitation to make any investment decision or enter into any other transaction; and
3. is obtained from sources believed to be reliable, but no guarantees are made by Legal & General or the providers of the Third Party Content as to its accuracy, completeness, or timeliness.
General Provisions
Legal & General accepts no liability for any losses or damages (whether direct, indirect, special, consequential or otherwise) arising out of errors or omissions contained in this website (including in any Third Party Content). Further, no warranty is given that this site and any Third Party Content made available on the site shall be available on an uninterrupted basis and no liability can be accepted in respect of losses or damages arising out of such unavailability. In addition, no liability can be accepted in respect of losses or damages arising out of changes made to the content of this site by unauthorised third parties or the providers of Third Party Content.
You agree that you will not carry out any rate scraping activity whatsoever in respect of this website and the products it offers. Further you agree that you will not use Legal & General’s quote and apply tool(s) or extract, distribute, utilise or reproduce any information contained in this website including but not limited to product prices and terms, for any purpose other than to purchase a Legal & General product.

You acknowledge that you are solely responsible for the use to which you put this site and any Third Party Content made available on the site and all the results and information you obtain from it and that all liability is hereby excluded to the fullest extent permitted by law.

Nothing in these terms and conditions shall exclude, limit or restrict Legal & General’s duties and liabilities to you under the Financial Services and Markets Act 2000 and any subsequent amending or replacement legislation, which regulates the carrying out of investment or financial business in the United Kingdom, or any conduct of business rules, which we are bound to comply with. Further, nothing in these terms and conditions shall attempt to exclude liability for death or personal injury or for fraudulent misrepresentation.

Copyright and trade marks

Copyright in the pages of this site, in the screen displaying the pages and in the information, texts, graphics and material contained therein and their arrangement is owned by Legal & General Assurance Society Limited, unless otherwise stated.

All trade marks, service marks, company names or logos are the property of their respective holders and no permission is given by Legal & General in respect of the use of any such trade marks, service marks, company names or logos and such use may constitute an infringement of the holders rights.

Reproduction of the pages of this site in whole or in part, without the prior written consent of Legal & General, is strictly prohibited unless for private, non-commercial viewing purposes.

Telephone recording

As required under applicable laws Legal & General will record all telephone and electronic communications and conversations with you that result or may result in the undertaking of transactions in financial instruments on your behalf. Such records will be kept for a period of five years (or up to seven years upon request from the Financial Conduct Authority (or such successor from time to time)) and will be provided to you upon request.

Legal & General companies

Legal & General Group PLC

Company registered number 1417162

The following subsidiary companies of Legal & General Group Plc are authorised and regulated by the Financial Conduct Authority:

Legal & General (Unit Trust Managers) Limited
Company registered number 1009418. Registered number 119273.
Legal & General (Portfolio Management Services) Limited
Company registered number 2457525. Registered number 146786.
Legal & General Investment Management Ltd
Registered number 119272.
Legal & General Partnership Services Limited
Company registered number 0504500. Registered number 300792.
Legal & General Property Limited
Registered number 313282.
LGIM Real Assets (Operator) Limited
Registered number 447041.
Legal & General Home Finance Limited
Company registered number 04896447.
Legal & General Financial Advice Limited
Company registered number 11901252.
LGGP Management Limited
Company registered number 10962628. Registered number 793552.

The following subsidiary companies of Legal & General Group plc are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Legal & General Assurance Society Limited
Company registered number 166055. Registered number 117659.
Legal & General Assurance (Pensions Management) Limited
Registered number 202202.

The Registered Office of all of the above companies is in the United Kingdom at: One Coleman Street, London, EC2R 5AA.

The following companies of Liverpool Victoria General Insurance Group are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Fairmead Insurance Limited
Company registered number 423930. Registered number 202050.
Fairmead Distribution Services Limited
Company registered number 8083925. Registered number 583269.

The Registered Office of all of the above companies is in the United Kingdom at: 57 Ladymead, Guildford, Surrey, GU1 1DB

The Company registration numbers above refer to our registration with the “Companies House”. Companies House is the United Kingdom Registrar of Companies and is an Executive Agency of the United Kingdom Government Department for Business, Innovation and Skills. All forms of companies in Great Britain are incorporated and registered with Companies House and file specific details as required by the current Companies Act 2006.

Each of these companies is entered on the Financial Services Register which you can check by visiting the Financial Conduct Authority’s website http://www.fca.org.uk/firms/systems-reporting/register or by contacting the Financial Conduct Authority on 0800 111 6768.

FAQs

Can you withdraw your pension early? ›

The earliest you can take money from your personal or workplace pension is usually 55 (rising to 57 from 2028). Unless you meet specific conditions, any early withdrawals made before you're 55 will be subject to tax charges of up to 70%.

What is the best performing pension fund? ›

The FL Kames Ethical Cautious Managed, FL AXA Ethical Distribution and FL Ethical Distribution funds make up the rest of the top-10. The best-performing fund over the last three years is the Zurich Managed Income fund, which has gained 42.42 per cent over the period.

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What fees do fund managers charge? ›

The management fees may or may not cover not only the cost of paying the managers but also the costs of investor relations and any administrative costs. Fee structures are usually based on a percentage of assets under management (AUM). Fees tend to range from 0.10% to more than 2% of AUM.

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How to find old pensions? ›

Contact the Pension Tracing Service

It searches a database of more than 200,000 workplace and personal pension schemes to try to find the contact details you need. You can phone the Pension Tracing Service on 0800 731 0193 or use the link below to search their online directory for contact details.

Can you close a pension and take the money? ›

Under certain circ*mstances, it is possible to withdraw your pension early. However, this can end up being costly. It isn't against the law to withdraw from your pot before your retirement age but you may pay up to 55% tax on your withdrawals.

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At what age can you withdraw from a pension without penalty? ›

The IRS allows penalty-free withdrawals from retirement accounts after age 59½ and requires withdrawals after age 72. (These are called required minimum distributions, or RMDs). There are some exceptions to these rules for 401(k) plans and other qualified plans.

Is a 1% management fee high? ›

Many financial advisers charge based on how much money they manage on your behalf, and 1% of your total assets under management is a pretty standard fee.

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Is it worth having a fund manager? ›

The main benefit of investing in a fund is trusting the investment management decisions to the professionals. That's why fund managers play an important role in the investment and financial world. They provide investors with peace of mind, knowing their money is in the hands of an expert.

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What is a reasonable fee for a fund? ›

High and Low Ratios

A number of factors determine whether an expense ratio is considered high or low. A good expense ratio, from the investor's viewpoint, is around 0.5% to 0.75% for an actively managed portfolio. An expense ratio greater than 1.5% is considered high.

How do I get my pension? ›

Applying online is the quickest way to get your State Pension. Your personal or joint bank or building society account details. You can apply for new State Pension by telephone. A friend or family member can call us for you if you cannot use the telephone.

What is Gretel? ›

Gretel's proprietary search and match capability enables customers to identify where they may have become disconnected across any sector of the financial services industry, then helping them to recover their unclaimed entitlements by reconnecting them with their provider.

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Can you withdraw from your pension while still employed? ›

Defined benefit and money purchase pension plans

Early or phased retirement -- the plan may permit earlier distributions when you: turn age 59 1/2 (even if still employed); or. terminate employment (by death, disability, early retirement or other severance from employment).

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How much will I get if I cash in my pension? ›

Cashing in your pension just means taking all your savings in one lump sum. You'll usually get the first 25% tax-free and pay income tax on the rest. You can use the cash in any way you choose but you'll need to think about how to make the money last, and there may be other considerations too.

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Can I transfer my pension to my bank account? ›

For most pension schemes, it is not possible to access your pension until you are at least 55. You can, however, transfer to a new provider at any time. But if you're 55 or older, you can move your pension into your bank account. Even then, though, it is unlikely to be a good idea to take all of your pension in one go.

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Should I cash out my pension? ›

If your company is in a volatile sector or has financial troubles, it may be worth taking a lump sum. But for most individuals, these are unlikely scenarios. If you have a pension plan, you should also know that it is risky to take a loan from your plan and will probably cost you more in the long term.

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