Press release

Legal & General Mastertrust first to launch multi-asset ESG default fund

The Legal & General Mastertrust has announced today that it is the first Mastertrust to launch a multi-asset ESG fund as a default option. This fund will also be made available as a default option for Legal & General’s contract-based schemes.

12 Mar 2019

Press release (PDF 121KB)

The fund incorporates LGIM’s Climate Impact Pledge, focused on speeding up the progress companies are making in addressing climate change and transitioning to a low-carbon economy. LGIM has identified the companies that are critical to the shift to a low-carbon economy and ranked them against criteria such as their commitment to this transition, board composition, strategy and transparency.

Dermot Courtier, Chair of the Legal & General Mastertrust:
"...Being able to offer employers more choice when it comes to selecting a default fund and responding to demand to invest in funds that are making a good social impact is crucial."

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 management (as at HY24) of which c40% (circa £0.5 trillion) is international.

We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.

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