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Mastertrust

Trustee talks - Pension Basics: 5 things to do now

To support Pension Awareness Week, in the second of our trustee talks you can hear trustee Moira Beckwith going back to pension basics in her discussion with Pension Scheme Director, Kim Brown.

Video transcript

 

Dermot Courtier.jpgChair’s statement

Welcome to our Annual Statement of Governance for the year to 5 April 2020. We’re delighted to share the progress that has been made during the year, and to have the opportunity to share our plans with you for the year ahead.

The statement, which is effectively our annual “report card” on the Mastertrust, is designed to help you judge how well the Mastertrust is performing. The law requires us to produce this report on an annual basis, but we also believe it is an important document which will help you to have confidence in your pension savings.

 

The Legal & General Mastertrust is the pension scheme that your employer has chosen for you and your colleagues to join.

Your scheme is run by trustees who are legally responsible for making sure that the Mastertrust's costs and charges give you good value for money. They act on your behalf by regularly assessing the trust's costs against a series of measures and work hard with Legal & General to make sure that all charges are fair and competitive.

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The board of trustees is independent to both your employer and Legal & General.

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We know it is an unsettling time with COVID-19 affecting so many people globally and in the UK. As trustees of your scheme, we want to assure you that we are working with Legal & General to minimise any impact to our members.