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.

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%.

Tell Me More ›

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.

Read On ›

How much does an active fund charge? ›

One key consideration here is whether a passive or an active fund will best meet your requirements – with the cost of management vs your overall returns being a key factor. Active fund management fees can vary from around 0.10% to 2% of your assets under managed (AUM).

How are fund charges paid? ›

Sometimes called the 'entry charge', this is an upfront charge paid when you invest money in a fund and is deducted from your investment before you invest. This covers the costs of setting up your investment, such as administration and marketing costs.

Can I cash out my pension if I quit? ›

What Happens to Your Pension When You Leave a Job? Exiting a job ushers in two primary possibilities for your pension: Receiving a lump-sum payout or keeping the money in the current plan. Keep in mind that you may not have an option depending on the terms of your plan.

Learn More Now ›

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.

Learn More Now ›

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. But psst: If you have over $1 million, a flat fee might make a lot more financial sense for you, pros say.

Learn More ›

How much should I pay a fund manager? ›

‍Advisor (Management) Fees

The industry typically refers to this as an investment management fee and averages between 1-2% of assets (i.e. A $100,000 investment could cost you between $1,000 - $2,000 annually).

Read The Full Story ›

Are fund managers worth it? ›

Unfortunately, most professionals aren't worth the price. Anyone can outperform 92% of active fund managers over the long run, and they don't need any special insights into the market to do so.

Learn More Now ›

What is a good fund fee? ›

A reasonable expense ratio for an actively managed portfolio is about 0.5% to 0.75%, while an expense ratio greater than 1.5% is typically considered high these days. For passive funds, the average expense ratio is about 0.12%.

Show Me More ›

What are the disadvantages of active funds? ›

Cons

there's no guarantee an active fund will perform better than the index – in fact, research shows that relatively few active funds do.
it's not enough to just beat the index – active funds have to beat it by at least enough to cover their expenses, such as transaction fees.

More items...

Learn More ›

What is an acceptable fee for a fund to charge? ›

Fees for mutual fund wrap accounts generally range from one percent to 1.5 percent of the total investment value. Additional operating expenses may also be charged. Investment management and advisory fees are charged as a percentage of the assets being managed for a particular investor by a particular investment firm.

How are fund fees calculated? ›

The expense ratio is how much you pay a mutual fund or ETF per year, expressed as a percent of your investments. So, if you have $5,000 invested in an ETF with an expense ratio of . 04%, you'll pay the fund $2 annually. An expense ratio is determined by dividing a fund's operating expenses by its net assets.

Get More Info Here ›

What is the difference between a fee and a charge? ›

A fee can be looked at similar to a penalty. While there are no fees attached to your contract, you can be fined for late payments or a returned payment. A charge on the other hand, is an amount that you acknowledge you are purchasing. At origination, the amount you finance is considered a charge.

What is a fund transaction fee? ›

Transaction fee (TF) funds: A transaction fee is similar to a brokerage fee or commission which you pay when you buy or sell a stock. For some funds available through Fidelity, you are required to pay a transaction fee. These are called TF funds.

Keep Reading ›

Can I withdraw my pension fund anytime? ›

Cash withdrawals are subject to tax. You retain this right if not used at the time you leave your retirement fund. You cannot make any withdrawals until such time as you leave your new employer. You cannot make any withdrawals until you retire (minimum retirement age is usually 55.)

Find Out More ›

Can a pension be taken early? ›

Typically that's 65, though many pension plans allow you to start collecting early retirement benefits as early as age 55. If you decide to start receiving benefits before you reach full retirement age, the size of your monthly payout will be less than it would have been if you'd waited.

Read The Full Story ›

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.

Get More Info ›