L&G expands retirement range with Real Income Builder launch

Targeting DC savers

Laura Dew
clock • 1 min read

L&G has launched a long-only Real Income Builder fund designed to meet the needs of the retirement market.

The fund will invest in large-cap equities and investment grade fixed income and is designed for savers in defined contribution schemes, as well as pension and long-term investors.  It aims to generate an income from dividends and interest that grows by inflation plus 4% per annum over three year rolling periods. It also aims to grow total returns in line with income and have a medium capital risk, having two-thirds of equity market exposure in a market downturn. Managed by Lance Philips, head of active equity, and his team, the fund already has £500m of internal L&G money invested...

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