Notice to Members of the transfer of unit-linked pension pots to the Legal & General Master Trust
Update: Blackout periods
We recently notified members of the Civil Service Additional Voluntary Contribution Scheme that we would be transferring their unit-linked pension pots to Legal & General unless the member opts-out of the process.
In our letter to members we confirmed that once the transfer process commences they will not be able to switch investments until the transfer has been completed, this is called the blackout period. We confirmed we would publish details of the blackout period for each provider by the end of December 2018.
The blackout period has been agreed and will commence on 25 February 2019.
Standard Life & Scottish Widows
The blackout period has been agreed and will commence on 1st February 2019
Scottish Widows do not formally apply a blackout period and they will accept a switch instruction from you however please contact Scottish Widows to discuss any switch request if your plan is due to transfer to Legal & General. Switching investments can lead to additional costs for the member.
If you have any questions about the transfer process then please email DC.Provider@cabinetoffice.gov.uk