Mastertrust

This document summarises the trustees’ policy around climate change and its effect on members’ pensions.

The Chair’s Annual Governance Statement for the year ended 5 April 2020.

The statement includes illustrations to show the effect of costs and charges on the value of your pension pot over time.

If your pension contributions are taken after you’ve paid tax on your earnings (your net pay), you’re in the ‘relief at source’ (RAS) version of the mastertrust.

The Chair’s Annual Governance Statement for the year ended 5 April 2020.

The statement includes illustrations to show the effect of costs and charges on the value of your pension pot over time.

If your pension contributions are taken from your salary before you’ve paid tax, you’re in the ‘non-relief at source’ (non-RAS) version of the mastertrust.

The Implementation Statement reflects on our performance against the principles set out in the Statement of Investment Principles throughout the scheme year ending 5 April 2020.

The Sole Governance Default Strategies Document provides details on the investment strategies and funds that the Legal & General WorkSave Mastertrust and Legal & General WorkSave (RAS) Mastertrust currently have in place for employers choosing the Sole Governance model.

The statement sets out the trustees’ investment policy and what they hope to achieve from the investments they choose.

The Chair’s Annual Governance Statement for the year ended 5 April 2019.

The statement includes illustrations to show the effect of costs and charges on the value of your pension pot over time.

If your pension contributions are taken after you’ve paid tax on your earnings (your net pay), you’re in the ‘relief at source’ (RAS) version of the mastertrust.

The Chair’s Annual Governance Statement for the year ended 5 April 2019.

The statement includes illustrations to show the effect of costs and charges on the value of your pension pot over time.

If your pension contributions are taken from your salary before you’ve paid tax, you’re in the ‘non-relief at source’ (non-RAS) version of the mastertrust.

The statement sets out the trustees’ investment policy and what they hope to achieve from the investments they choose.

How the trustees of the Mastertrust will assess whether the Mastertrust provides good value for its members - is also a summary of the approach the trustees will take.

The trustees of the Legal & General WorkSave Mastertrust have established an Operations Committee.

The trustees of the Legal & General WorkSave Mastertrust have established a Communications Committee to provide oversight on behalf of the trustees of member facing communications and bespoke participant employer communications.