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The appointment of L&G to take on Royal Mail's closed DC scheme represents the biggest UK DC master trust transfer to date (iStock.com/georgeclerk)
L&G has confirmed the transfer of £2.45bn in assets and some 100,000 members from the Royal Mail Defined Contribution Plan (RMDCP) to the L&G Mastertrust.
The transfer represents the largest completed transition into a UK defined contribution (DC) master trust to date. L&G said it will combine operational expertise, member engagement and governance c...
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