Press releases

L&G Mastertrust surpasses £12bn AUM

Legal & General Mastertrust celebrates the achievement of an important milestone, having passed £12bn in assets under management (AUM)

12 Jan 2021

Full press release

  • L&G Mastertrust is the largest commercial master trust on the market.
  • £12.45bn AUM across 180 employers and c1.2m members. 
  • L&G Mastertrust offers sophisticated asset allocation and improved governance.

The first multi-employer scheme to hit the market in 2011, the L&G Mastertrust took off following the introduction of auto-enrolment.

Starting with £1.6bn AUM in 2015, the Mastertrust now has £12.45bn AUM across more than 180 employers and c1.2m members, making it the largest commercial master trust on the market.*

Emma Douglas, Head of Defined Contribution at LGIM: "The Legal & General Mastertrust will remain central to our future strategy as we continue to harness the power of technology to further innovate in the post-retirement solutions space and support savers in their retirement journeys. I would like to thank all our participating employers for joining the Mastertrust and their ongoing support. Thanks to its scale, the Mastertrust is an attractive proposition for members, offering more sophisticated asset allocation and improved governance, at a low cost."
Dermot Courtier, Independent chair of the L&G Mastertrust: "We are thrilled that the L&G Mastertrust has reached this important milestone and the Trustees look forward to continuing to provide value for members and best in class governance. The regulatory climate and investment backdrop continues to present challenges for employers and master trusts are growing in popularity as they offer flexibility, cost efficiency and robust governance."

Further information

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Adam Kirby

Associate Director

JPES Partners

T: 020 7520 7634

Email Adam Kirby

Notes to editors

Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management1 of which 40% is international. We have a unique and highly synergistic business model, which continues to drive strong returns. Legal & General provides powerful asset origination and management capabilities directly to clients, which also underpin our leading retirement and protection solutions. We are a leading international player in Pension Risk Transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Our purpose is to improve the lives of our customers and create value for our shareholders. Through inclusive capitalism, we are investing in long-term assets, such as real estate and infrastructure, that can help build a better society for the future.

1Data as at 31 December 2023.

LGIM is one of Europe’s largest asset managers and a major global investor, with total assets under management of £1.2 trillion1 ($1.5tn, €1.3tn, CHF 1.2tn). We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors.

For more than 50 years, we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across the full spectrum of asset classes including fixed income, equities, commercial property, and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.

1Data as at 31 December 2023. Data combines assets under management by LGIM in the UK, LGIMA in the US and LGIM Asia in Hong Kong. Assets under management include securities and derivatives positions.