Meet your new investment manager: Legal & General

If you’ve kept up-to-date with previous communications, you’ll already know that the decision was made to change investment manager.

The Trustees of Baxi Pensions have a duty to ensure that the investment funds that are available to you provide good value for money and acceptable returns – and late last year, they determined Columbia Threadneedle no longer fulfilled those requirements.

After a detailed selection exercise they found an investment manager that met the Trustees’ objectives and fit members’ best interests – Legal & General Investment Management (LGIM) – and now, the transition is complete. Your pension funds are now active on LGIM’s investment platform.

LGIM is one of Europe’s largest asset managers, and a major player in the investment world globally. As a result, you can be assured that the company will provide you with a much greater variety of funds than you previously had access to. You can learn more about these options in the Investment Guide.

You won’t just benefit from more investment options, either. Members of the Baxi Group Pension Scheme will also see lower charges than under the previous arrangement (meaning more of your pension pot ends up in your hands) and greater long-term security. For all the details, check out Changes in Depth.

The Trustees will continue to monitor investment performance closely.

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