Press releases

LEGAL & GENERAL WORKPLACE SAVINGS APPOINTS ITS FIRST INDEPENDENT CHAIR FOR MASTERTRUST.

24 April 2013

Paul Trickett, Chairman of Legal & General Trustees Limited

Paul Trickett has taken up a new role as independent chairman of Legal & General's WorkSave Mastertrust.

He joins Legal & General from Goldman Sachs.

Director of Legal & General Trustees Limited, Tony Filbin commented: "We are delighted to have the benefit of Paul's knowledge and experience and are confident that this initiative, which is designed to strengthen the independence of the Trustees, will further enhance our proposition."

Incoming Chairman, Paul Trickett commented: "I am very pleased to be appointed as the chair of the Board of Trustees.  This structure reinforces benefits of independent trustee governance and I firmly believe this is good news for Mastertrust members."

In the new structure, WorkSave Mastertrust Trustees retain two corporate trustees:

  • Pitmans Trustees Limited, a leading independent trustee and governance services provider.
  • Legal & General Trustees Limited.

Legal & General believes continued involvement of its employees within the Trustee structure will help to ensure that day-to-day activities are managed effectively, while independent control will strengthen the ability of the trustees to deliver a strong fiduciary focus.

Workplace Savings was named Auto Enrolment Provider of the Year by the UK Pensions Awards (May 2012) and Corporate Platform/Wrap Provider of the Year in the Professional Pensions Awards (June 2012).

Notes to editors

The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.

Paul Trickett biography:
Paul has been involved in the UK pensions and investment industry for over 25 years.   
He was Managing Director and Head of the EMEA Global Portfolio Solutions team at Goldman Sachs Asset Management from 2011 to 2013.  
Prior to that he spent 13 years at Watson Wyatt/Towers Watson where he was head of the EMEA investment consulting business and chaired the Board risk committee of Watson Wyatt.  
He was previously Chief Executive of the British Coal pension schemes and worked for the trustee bodies of the 2 pension schemes in working through the privatisation of the coal industry in the 1990s
He has now embarked on a non-executive career, which includes Chairing the trustee body of the Zurich UK pension scheme and is a board member of Aberforth Smaller Companies investment trust

Pitmans Trustees Limited:
PTL is a top five independent trustee firm with offices in London, Leeds and Reading.  PTL acts as an independent trustee and provides a range of governance services, predominantly to occupational pension schemes, including trust based defined benefit and defined contribution schemes and contract based pension schemes including group personal pension plans.  PTL also provides a range of governance services to other non-pension trusts.
More information can be found on www.pitmanstrustees.com

About the Legal & General Group:
The Legal & General Group, established in 1836, is one of the UK's leading financial services companies.  As at 31 December 2012, we were responsible for investing £413 billion worldwide on behalf of investors, policyholders and shareholders.  We also had over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans.


For more information please contact:

Mike Connolly

Mike Connolly

About Legal & General

Legal & General Assurance Society Limited.

Registered address:
One Coleman Street
London EC2R 5AA.
Registered in England 166055.

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