Legal & General secures £2.45 billion Royal Mail pension mandate
- Legal & General secured a £2.45 billion mandate as the Royal Mail Defined Contribution Plan's Mastertrust provider on October 27, 2026.
- The completed transfer covers close to 100,000 deferred pension members, marking the largest UK DC Mastertrust transition to date.
- Lifetime Advantage Funds will be the plan's default investment strategy, targeting a 15% allocation to private markets during the growth phase.
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