Your transfer > Your transfer timeline > Things to consider
Your transfer timeline
Your pension pot in the DC Section will automatically transfer into the Legal & General WorkSave Mastertrust (the ‘L&G Mastertrust’) on 23 August 2025. This includes any part of your pension pot that you have started to access flexibly (by moving it into ‘drawdown’) in the DC Section.
But there are some important dates for you to know about after your pension pot transfers.
Your transfer timeline
Your pension pot in the DC Section will automatically transfer into the Legal & General WorkSave Mastertrust (the ‘L&G Mastertrust’) on 23 August 2025.
But there are some important dates for you to know about after your pension pot transfers.
What will happen and when?
23 August 2025: your pension pot will transfer to the L&G Mastertrust.
The full value of your pension pot (including any part that you have moved in drawdown) will automatically transfer from the DC Section to the L&G Mastertrust.
There will be no cost to you for this transfer.
When your pension pot transfers to the L&G Mastertrust it will continue to be invested in the same funds that it was invested in in the DC Section.
From 23 August 2025: you’ll be able to choose how your pension pot is invested from the new range of investment options.
You’ll be able to choose how to invest your pension pot from the new range of investment options by logging into your L&G pension account, My Account (MA).
There will be no cost to you for changing how your pension pot is invested.
L&G will send you an email or letter as soon as the new L&G Mastertrust investment options are available to you through My Account (MA).
October 2025: if you haven’t made a new investment choice, your pension pot will switch to be invested in the new default investment option.
The exact date in October will be confirmed by L&G after your pension pot has transferred into the L&G Mastertrust.
If you don’t make a new investment choice by the date set by L&G, your pension pot will automatically switch to be invested in the new default investment option – the range of Lifetime Advantage Funds (LAFs).
There will be no cost to you for this investment switch.
After your pension pot has transferred into the L&G Mastertrust you will no longer be able to choose from the investment options available in the DC Section.
Once your pension pot has switched to being invested in a fund or funds from the L&G Mastertrust’s range of investment options (either because you’ve made your own choice ahead of the October automatic investment switch date, or because your pension pot has automatically switched to the new default investment option in October), you’ll:
- Continue to be able to manage how your pension pot is invested by choosing from the full range of investment options available in the L&G Mastertrust, and
- Pay any associated costs and charges for making changes to how your pension pot is invested (just like you do today in the DC Section).
