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Paul H

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Review of the Legal and General, Pension:

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Bad pension fund management

I had my works pension with Aviva up until early 2022 and it was doing rather well, but for some reason my employer decided to move all our company pension schemes to the L & G Mastertrust scheme. Since then it has under performed and I am now down £9k on my total pension savings with no growth whatsoever! I understand that pensions can go down, but each week it can go down around £1000 in a couple of days, which never happened at all with Aviva. Although the website is very good with lots of information I have to question the people who manage these funds?. Not happy with the situation as I am now near to retirement, I would have got more money putting it into ISA's!. No doubt the stock answer from L & G would be that I am responsible for my own investments even though I pay management fees to them. Reviewed on: 6th September 2023

Paul H

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