SCHEME APPOINTS LGIM TO MANAGE ITS ASSETS

The Trustee and Legal & General Investment Management (LGIM) have today (13 July 2022) announced that agreement in principle has been reached that LGIM is to be appointed to manage the combined assets of the Scheme. Further information can be found here. 

RESTORATION PAYMENT

Eligible members will be sent a letter in June setting out full details of their restoration payment. Most eligible members do not need to take any action and payments will be made automatically into bank accounts in October 2022. 

For some members there are additional considerations which they need to take into account, and they must check if they need to take any action before the payment is automatically made. The June letter contains the relevant details and you can click here to find out more, including a list of answers to some questions you may have about the payments.