L&G Over 15 Years Gilts Index Fund

The fund is invested in bonds issued by the British Government (also known as Gilts). These bonds pay a fixed rate of interest.

The returns that you can expect from Gilts are fairly steady and at the moment tend to move broadly in line with the rates at which you will purchase pension when you come to retire. As Gilts are not perceived to be as "risky" an investment as equities, the expected returns are not as great as one might expect from equities. Therefore, such a fund is most appropriate when you are close to retirement.

The Plan currently offers you a passive (index-tracker) fund managed by L&G. More information is available on the fund fact sheet.

Prior to October 2007 the Hermes Long-Dated Gilt Tracker Fund was available to members.