Master Trusts
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?”
Master Trust Marketplace
Watch our trustee roundtable discussions and listen to our podcast series themed around hot topics in the DC market.
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.
Award-winning advice
2020 Pensions Expert - Employee Benefits consultant of the year
2019 Professional Pensions - UK DC consultancy of the year
2019 Scottish Financial Technology Awards - Product innovation
2018 Pensions Insight - DC consultancy of the year
2018 WSB - Pension consultant of the year