Filmmaker Peter Jackson and his special effects team are to be honoured with the 2014 Vanguard Award at the Producers Guild Awards.

Jackson, visual effects artist Joe Letteri and their team at Weta Digital will receive the accolade in Beverly Hills in January (14).

The team's film credits include hits as the Lord of the Rings trilogy, Avatar and King Kong.

Previous recipients include James Cameron, Stan Lee, George Lucas and John Lasseter.

In a joint statement, Jackson says, "Visual effects are a great tool to inspire the audience’s imagination and encourage them to take that extra step into the story."