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Master Trusts

Michael Ambery

Key Contact

Michael Ambery, Partner

View profile

Master Trusts have undoubtedly experienced a huge surge in popularity in recent years. We have significant experience in managing some of the largest Master Trust transition exercises in the UK.

Our independent vantage point ensures that our clients benefit from a whole of market, unbiased view. We make a genuine effort to understand our clients’ needs and offer access to deep in-house Master Trust provider knowledge and insights from our specialist research team. Other benefits of working with us include our proven experience in transitioning assets and access to the range of engagement solutions we offer after a scheme has transitioned to Master Trust.

Why Master Trust?

A Master Trust can offer a lower cost arrangement with the benefits of a well governed, outsourced packaged solution with everything in the one place. This approach can provide significant overall cost savings and brings with it time and cost efficiencies as a consequence of outsourcing to one supplier.

Economies of scale and competition in the market have driven prices down and there’s been significant proposition development, particularly around the member journey and experience, which leads to a full and rich experience for members to and through retirement. Additionally, Master Trust can often represent the most efficient method of transferring assets across from an occupational pension scheme.

It’s clear that the benefits of Master Trusts will help them continue to grow in popularity with employers, however care is needed. Low barriers to entry have led to an explosion in this highly competitive market, and with increased regulation, and the risks of investment transition, it’s never been more important to seek advice when considering a move to Master Trust.

Moving to Master Trust

We take clients trough the following five key steps to ensure a smooth and successful transition to Master Trust.

Master Trust Default Fund Performance Review

In the latest edition of our Master Trust Insights, we assess the impact of Master Trust default fund performance on member outcomes.

This year's report provides a forward-looking assessment by examining how recent market events and fund performance have impacted the future retirement incomes of different members. In simple terms, and from the perspective of the majority of Master Trust members, who invest in the default fund, we answer the question: “What does this mean for me?”

Read now

Master Trust Marketplace

Watch our trustee roundtable discussions and listen to our podcast series themed around hot topics in the DC market.

Watch recordings

Listen to podcasts

Case study: how Dixons Carphone harmonised their DC pension offering

Read how we helped to combine the DC schemes of both Dixons Retail and Carphone Warehouse, bringing a total of 4,700 scheme members together under a new single scheme.

Read the case study

Award-winning advice

2020 Pensions Expert - Employee Benefits consultant of the year

2020 Pensions Expert - Employee Benefits consultant of the year

2019 Professional Pensions - UK DC consultancy of the year

2019 Professional Pensions - UK DC consultancy of the year

2019 Scottish Financial Technology Awards - Product innovation

2019 Scottish Financial Technology Awards - Product innovation

2018 Pensions Insight - DC consultancy of the year

2018 Pensions Insight - DC consultancy of the year

2018 WSB - Pension consultant of the year

2018 WSB - Pension consultant of the year

Related content

Are you considering a move to a DC Master Trust?

Webinars 18 Mar 2021

DC Master Trust Insights – February 2021

Podcasts 16 Feb 2021

DC Master Trust Marketplace - Improving outcomes for members

Webinars 25 Feb 2021

DC Master Trusts - Nest

Podcasts 08 Jan 2021

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