Notice to Members of the transfer of unit-linked pension pots to the Legal & General Master Trust
The Legal & General Master trust was appointed as the new provider of our Additional Voluntary Contribution (AVC) scheme from September 2018. Following the appointment the Scheme Manager (Cabinet Office) has decided to transfer the pension pots of existing members, who hold unit-linked investments, from the previous provider to the trust.
Civil Service Pensions are writing to all members who are in-scope for the transfer to advise them of the transfer process including the right to opt-out. If you do not receive your letter by 10 December, please email DC.Provider@cabinetoffice.gov.uk with ‘CSAVCS Transfer letter’ as the subject.
Scheme members who are invested in with-profits funds or hold protected life cover are not in scope for the transfer and their existing pension pots will remain with their previous provider – for example: Scottish Widows, Standard Life or Equitable Life.
Member letter pack
The letter pack includes the following items, please click on each item to see the generic texts:
4. To see a comparison of the charges that you are paying in your existing plan and the charges you will pay with Legal & General, click the relevant link below.
5. An opt-out form was also enclosed however the opt-out period is now closed and the form has been withdrawn.