27th June 2018 Rosalind Connor comments in Pensions Age on master trusts and the relationship between employers and scheme members
Some commentators have expressed concern over the increased uptake in master trust membership, asserting that adding an additional party to workplace pension provision inevitably leads to a distancing between employers and scheme members.
Rosalind Connor pointed out, however, that for a long time prior to master trusts, fewer and fewer employers offered occupational money purchase schemes and instead offered access to a group personal pension. This results in considerably less employer involvement than in a master trust, with the employer’s only involvement being making a regular contribution.
“It is not particularly accurate to characterise master trusts as removing the relationship between employers and members,” said Rosalind.
Read Rosalind’s comments in Pensions Age
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