The underlying investment fund into which the fund invests, the Janus Henderson Money Market Unit Trust, is closing and will be replaced by the LGIM Sterling Liquidity Plus Fund (which is managed by Legal and General Investment Management Limited).
Philip manages his retirement income to minimise tax
Philip has a pension fund of £120,000. He wants the flexibility to manage his retirement income so that he doesn't start paying higher rate income tax. He sets up LFS's Income Drawdown Plan that allows him to choose a certain level of income. If he needs to, he can top up his income by taking ad-hoc payments. His financial adviser monitors his investment funds to make sure they're on track to continue providing an income for the future.
This example is for illustration only. It should not be taken as advice.