Boy shouting

L&G Lifetime Advantage Funds

A dynamic default fund for modern-day investing

What are the L&G Lifetime Advantage Funds?

Our L&G Lifetime Advantage Funds (LAF) are an innovative retirement solution designed as a default option with the specific purpose of improving member outcomes.  

This ‘to and through’ Target Date Fund range allows members extended access to a diverse selection of growth assets, including a range of private market assets.

How the Lifetime Advantage Funds might benefit scheme members

Business finance icon

Aiming for better outcomes

The range aims to deliver strong levels of growth from a diversified range of equity and private market investments over an extended time frame.

World leaders icon

Meeting the changing needs of members

We have unique insights into member needs which we continually monitor. By doing this we can create a ‘to and through’ retirement solution that adapts to members’ changing needs up to and beyond retirement.

Environment icon

Aiming for real world impact

We aim to invest members' money responsibly, focusing on engagement, exclusion and enhancements to deliver returns and make a positive difference to the world.

What's under the bonnet?

The fund provides access to a wider range of opportunities through investments that are not typically accessible through public markets. We do this by allocating c.15% of the portfolio to private markets via the L&G Private Markets Access Fund.

 

 

For illustrative purposes only.

Source: L&G, as at June 2025. Please note the L&G NTR Clean Power (Europe) Fund is currently closed to new investment (as at April 2025).

 

Investing responsibly for our members

We take into account financially material risks, including integrating environmental, social and governance (ESG) considerations into how investments are selected. We also aim to invest members' money responsibly. As part of this, we use the following approaches for various parts of the portfolio. 

Shadow of aircraft over forest

Engagement

We engage with companies, regulators, policymakers, industry peers and other stakeholders around the world to tackle systemic risks.

responsible world investments

Exclusions

We prioritise engagement over divestment. Nevertheless, certain fund ranges and strategies will adopt exclusions reflecting globally accepted standards of business practice. This includes companies that have failed to make progress on our minimum expectations on climate change, under our Climate Impact Pledge.

future_world

Enhancements

We deploy tools including selection and ‘tilting’. 'Tilting' is our approach that allocates more capital to companies with higher ESG scores and less to companies with poor ESG scores, which we believe provides a compelling blend of impact, transparency, and market exposure.

Whilst L&G can integrate Environmental, Social, and Governance (ESG) considerations into its investment decision-making for part of the fund, and stewardship practices, this does not guarantee the achievement of responsible investing goals within the portfolio.

L&G Lifetime Advantage Fund Product Profile

Content & media

Wooden blocks

Home truths: Pension savers' views on the affordable housing crisis

Key in door

Renting into retirement: The future cost of the affordable housing crisis

Hill walkers

Redesigning DC retirement

Walkway

Broadening the perimeters of possibility for private markets

two people walking along path

The 'changing nature' of DC investments

 

 

student sitting at desk

Why DC pension schemes are investing in university spinouts

Child on megaphone

DC buyers' guide part 1

aerial image of a tree

DC buyers' guide part 2

Read about our other flagship DC funds

Child peeking letterbox

L&G Private Markets Access Fund

target date funds hero

The L&G Target Date Funds

Get in touch

Woman talking on phone

Get in touch

If you would like any further information please complete the contact us form. 

Key risks

The value of any investment and any income taken from it is not guaranteed and can go down as well as up, and investors may get back less than the amount originally invested. Past performance is not a guide to the future. Asset allocation is subject to change. It should be noted that diversification is no guarantee against a loss in a declining market. Assumptions, opinions and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. The risks associated with each fund or investment strategy should be read and understood before making any investment decisions. Further information on the risks of investing is available from L&G’s Fund Centres.