The Lewis Workplace Pension Trust (TLWPT) is an authorised Master Trust pension scheme designed to simplify workplace savings for both employers and employees. Sponsored by Lewis Investment, a Poole-based firm of Independent Financial Advisers (IFAs), TLWPT stands out in the 2026 market by combining the robust governance of a Master Trust with the personalized touch of an advice-led firm.
In late 2025 and moving into 2026, TLWPT underwent a significant digital transformation, migrating to a new, highly automated administration platform (Lumera). This upgrade has streamlined their service, ensuring faster processing and better digital access for members
If you are wondering whether The Lewis Workplace Pension Trust is the right platform for your retirement needs, get in touch below and one of our independent financial advisers will carry out a thorough review of this.
Get 100% independent pensions advice today
Our independent financial advisers have a deep working relationship with pension providers across the UK, including The Lewis Workplace Pension Trust.
Whether you want to transfer your pension to The Lewis Workplace Pension Trust or have an existing pension with then that you want to get the most out of, we can help.
The IFA's we work with can provide independent advice about pension transfers, reviews, drawdown, annuities and much more. Book your free initial consultation with them below:
TLWPT Pension Products and Investment Strategy
TLWPT is primarily a workplace pension solution, but it behaves with a level of sophistication often reserved for private SIPPs.
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Advice-Integrated Model: Unlike many "faceless" Master Trusts, TLWPT provides members with access to bespoke, regulated financial advice from Lewis Investment. This is one of their most distinct features.
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The "Default 1" Portfolio: Most members are enrolled here. It is a diversified strategy with a total charge of approximately 0.7085% per annum, comfortably within the government's 0.75% price cap.
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Investment Management: The scheme uses a blend of institutional power and specialist oversight, with funds provided by Legal & General (L&G) and investment management handled by Lewis Capital Management (LCM).
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Lifecycle Profiling: As members approach retirement, the scheme automatically shifts their investments into lower-risk portfolios (Defaults 2 to 4) to protect their savings from market volatility.
Putting a TLWPT Pension into Drawdown
TLWPT is designed to support members through the "decumulation" phase with a focus on flexibility and informed decision-making.
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Flexi-Access Drawdown: From age 55 (rising to 57 in April 2028), members can access their 25% tax-free lump sum. The remaining pot can be used to provide a flexible, taxable income while staying invested, via drawdown.
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UFPLS (Lump Sums): Members can take one-off taxable "chunks" of cash as and when they need them.
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Retirement Reviews: A unique benefit is that members are invited to a free retirement review provided by Lewis Investment. This face-to-face or remote advice helps members decide whether drawdown, an annuity, or a mix of both is right for them.
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Annuity Service: While TLWPT is a DC (Defined Contribution) scheme, they can facilitate the purchase of an annuity if a member prefers the security of a guaranteed income for life.
Reviewing and Transferring Your TLWPT Pension
Reviewing an Existing Pot
If you have been a member of TLWPT for several years, a professional review is important to capitalise on their recent upgrades:
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Digital Portal Update: Following the 2025 platform migration, all members should ensure they have registered for the new online portal to track their 2026 balance and performance.
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Investment Alignment: Ensure your "Target Retirement Age" is correct. If the system thinks you are retiring at 65 but you plan to work until 70, your money may be moved into low-growth "cautious" funds too early.
Transferring To and From TLWPT
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Transferring IN: TLWPT makes it easy to consolidate old workplace pensions into one place. This can lower your overall administrative burden and allows the Lewis Investment team to give advice on your total retirement wealth.
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Transferring OUT: The scheme is fully portable. Members are free to move their money to another provider (like a SIPP) at any time. There are typically no exit fees for transferring out of the modern Master Trust structure.
Pros, Cons, and Customer Reviews
The Pros
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Personalised Advice: Access to real financial advisers is a rarity for most workplace pension schemes.
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Strong Governance: Oversighted by independent trustees, including Capital Cranfield, ensuring members' interests are always prioritised.
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Modern Technology: The new Lumera platform (launched late 2025) provides a future-proof, efficient member experience.
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Transparent Pricing: Fees are clearly disclosed and stay below the 0.75% cap.
The Cons
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Niche Provider: Not as widely known as giants like Nest or Aviva, which may be a consideration for those who prefer "big brand" names.
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Adviser-Led Bias: The scheme is heavily integrated with Lewis Investment; while the advice is independent, the products are proprietary to the trust.
Customer Consensus
The consensus among members and participating employers is that TLWPT offers a "small firm feel with big firm security." Reviews frequently highlight the responsiveness of the Poole-based team and the clarity of the advice given during retirement reviews. Some members have noted that the 2025 tech migration required a bit of learning for the new portal, but generally, the feedback has been that the "human element" makes the difference.
"Moving from a massive provider where I was just a number to TLWPT has been great. I actually spoke to a human being about my retirement options, and the advice was clear and jargon-free." — Member Review, Feb 2026
How Our IFA Service Can Help
While TLWPT includes an advice element from Lewis Investment, many members seek a "second opinion" or an entirely independent review of their total financial landscape.
Our IFA partners provide:
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Whole-of-Market Comparison: We compare TLWPT’s performance and fees against the entire UK market to ensure it is still the best home for your savings.
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Consolidation Advocacy: We manage the transfer of complex old pots into (or out of) TLWPT, checking for hidden guarantees or penalties.
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Income Shaping: We work alongside you to build a drawdown plan that bridges the gap between your TLWPT pot and your State Pension.
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Tax Optimisation: Ensuring your 2026/27 contributions are maximised for the latest tax year rules.
If you are wondering whether TLWPT is the right platform for your pension investments, get in touch here to book a free, no-obligation chat with an independent adviser who can conduct an impartial review of whether they are the right fit for your needs.