Dermot Courtier, chair of the Mastertrust trustees, reports back on how well your pension scheme has been managed in the past 12 months.
"Overall, the quality and flexibility of services provided to members continues to evolve and develop and our assessment showed that the Mastertrust provided good to very good value." Dermot Courtier, Chairman
“It’s important that as a member of the Legal & General Mastertrust, you have confidence in the way your pension scheme is being run.
“That’s why the trustees of the scheme make sure that it delivers all the things you’d expect it to and why each year, as the chair of trustees, I report back to you with my findings.
“You’ll find details in my full statement of the criteria I used to judge how well the Mastertrust has performed.”
Download the full version of the chair’s statement:
There are two versions of the Mastertrust: the Legal & General WorkSave Mastertrust (RAS) and the Legal & General WorkSave Mastertrust (non-RAS). Ask your employer which one you’re in or use the guide below to help:
If your pension contributions are taken after you’ve paid tax on your earnings (your net pay), you’re in a ‘relief at source’ version of the Mastertrust.
If your pension contributions are taken from your salary before you’ve paid tax, you’re in a ‘non-relief at source’ version of the Mastertrust.