Welcome to Burges Salmon’s Pensions Law Summary on Master Trusts.
Our pensions law summaries aim to simplify complicated topics in pensions law and provide practical steps for employers and trustees. These summaries cover a range of topics including GMP equalisation, GDPR and alternatives to buy out.
Our team are experts in all areas of pensions law and can assist you with any issues or questions you may have on this topic.
Master trusts involve multiple unrelated employers and they appeal to employers and members because they typically have lower maintenance costs, retain strong governance and provide more options for the member to engage with their pension. Considerations for employers and trustees before moving to master trusts vary depending on whether employees will accrue benefits in the master trust going forward and/or have their accrued benefits transferred and we explore these considerations in our summary.
Click the button below to read full summary.