Our WorkSave Pension Trust is designed to offer trustees the flexibility to suit the retirement planning needs of employees. There are a variety of investment funds, lifestyle profiles and governed funds to meet your clients’ needs, with servicing options to suit individual scheme requirements.
| Flexible product options | The product is capable of being used with a number of trusts:
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| Tailored investment options | The product offers over 150 funds both from our range and other fund providers. We can work with you and your clients to select a Suggested Fund Range to help streamline choice for employees. Your clients can also choose from a wide range of Lifestyle Profiles as well as the Governed Fund Range. Any money invested in the plan is tied up until employees take their benefits. Remember the value of investments can go down as well as up and is not guaranteed. | ✓ |
| Clear charging structure | All Annual Management Charges (AMCs) are individually underwritten for each employer/Trustee and taken from each employee account and include our standard rate service. Extra service features can be added. The costs of these additional services can either be included within the member’s AMC or paid on a stand-alone fee basis. The AMC for Mastertrust covers the full range of services provided by Legal & General as Trustees. Please see the Service Specification for more details on charges. The pricing also includes the Fund Management Charge (FMC), which is in addition to the underwritten AMC, and the FMCs currently range from 0.08% p.a to 2.00% p.a. Currently there are no charges for stopping or re-starting contributions, switching funds or transferring to another plan. Please note all of the above charges can be varied, but we'll give advance notice before we make any changes. | ✓ |
| Bespoke servicing options | We can work with your client to provide a service to suit their needs Our support includes:
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We may record and monitor calls. Call charges will vary.
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Providing you with product details and fund performance data.
A stocks and shares ISA offering a flexible range of investment options.
Early intervention and rehabilitation for members who are absent from work because of a long-term illness or injury.