L&G Takes On £2.45bn Royal Mail DC Scheme in Record Master Trust Transfer

By The Financial Edition · 27 October 2026 · 11:14 GMT · Professional Pensions · 1 min read

Photograph: Diego Delso, delso.photo · CC BY-SA · sector illustration, not event evidence

Record-Breaking Scheme Transfer Completed

Legal & General (L&G) has confirmed the successful transfer of £2.45bn in assets and roughly 100,000 members from the Royal Mail Defined Contribution Plan (RMDCP) into the L&G Mastertrust. According to L&G, this transition represents the largest completed move into a UK defined contribution master trust to date. The insurer stated that it will combine its operational expertise, member engagement, and governance structures to support the incoming members.

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