Legal & General announces that its Mastertrust has surpassed £5 billion in assets under management, reflecting the continuing appeal of the structure for Defined Contribution (DC) schemes looking to ease administrative burdens and ultimately achieve better investment outcomes for their employees.
4 Jul 2018
A master trust allows employers to outsource the governance, investment and administration of their DC pensions schemes. Legal & General is one of the largest and fastest growing providers of master trusts, with a range of investment and retirement solutions and the underlying technology required to meet the needs of members throughout their entire DC journey.
Dermot Courtier, Chair of the Legal & General Mastertrust, commented: “Managing DC schemes has become more complex for employers, who are contending with rising costs, greater governance and regulatory pressures and the increasing load of administration. As a result, master trusts are fast becoming the option of choice for a cost efficient, flexible workplace pension scheme for both Employers and the membership."