Legal & General Investment Management (LGIM) has unveiled its new range of defined contribution (DC) offerings, called L&G Pathway Fund Range.

The new offerings will be managed by LGIM’s Solutions Group and provide DC investors a tailored ‘to and through’ retirement solution.

They have been developed to help defined contribution (DC) schemes navigate the new pensions landscape.

LGIM said that DC solutions will offer investors flexibility, both before, and during retirement. Every fund will have a range of target dates, enabling members to select a fund that aligns with their estimated retirement date.

Pathway Funds will provide a choice of three Journey Plans in addition to covering a range of retirement objectives, from the generation of a stable income, to continued investment growth.

The LGIM’s Solutions Group will regularly review the asset allocation to reflect demographic changes, evolution in market trends and regulatory developments.

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LGIM head of investment strategy Marcus Mollan said: "With the L&G Pathway Fund Range, we are bringing to market funds that are aligned with members’ chosen retirement goals and have an increasing focus on risk management as members approach and go through retirement.

"At the same time, we are also responding to the need for a DC investment strategy that can adapt to changing markets and trends in pensions and savings."

LGIM head of DC distribution Emma Douglas said: "Our Pathway Funds offer an asset allocation that keeps evolving to and through retirement. The DC investment journey no longer has to stop at retirement!"