Picking the right type of pension for you and your employees is important.
We understand that everyone’s different, so there are different types of trust-based pension solutions to suit your needs. Our Master Trust won DC Master Trust of the Year at the UK Pensions Awards 2018 and is also 5 Star rated by Defaqto.
We offer both Master Trust and Own Trust solutions. These types of pensions are run by a trustee appointed by us or you.
Why consider a trust-based pension?
A trust-based pension can meet your needs as an employer by delivering robust governance and flexibility to help ensure good outcomes for your employees.
Needing a trust-based pension solution?
If you’re thinking about moving from a DB scheme to a DC scheme, a trust-based solution might suit your and your employees' needs.
There’s no single right way to go about things when it comes to workplace pensions – call us to discuss your options and see what suits your business best.
Benefits of a trust-based pension
Easy to manage
We’ll set you up with a dedicated online administration platform, so that it’s simple for you to set up your pension scheme and manage everything in one place.
You can count on us to keep in touch with your employees to help them stay engaged, value the workplace pension you provide and feel positive about their future finances.
Online employee dashboard and mobile app
Employees can easily register for our online dashboard to view and manage their pension. They can do this through our online servicing and our mobile app.
We’ll do all the necessary reporting and supply the information needed to keep your workplace pension compliant with pension regulations for employers.
A seamless journey
We’ll get your scheme set up and running smoothly. We’ll work with you to pinpoint your particular needs, plan the transition and also keep you updated on the latest pension news.
The scheme is run by a board of trustees who are responsible for governing the scheme, ensuring members' interests are protected and that the pension offers value for money to members.
Whether you choose a contract-based or trust-based pension, investment decisions play a huge part in good outcomes for your employees. We offer a range of high-quality investment options managed by experts. Or if you're looking for investment options that meet specific requirements, and your scheme meets certain criteria, we offer some customised options, including:
- customised defaults and lifestyle profiles - tailored to your employees' needs
- selected fund ranges - a shortlist of funds to keep things simpler for your employees
- blended funds - blend together funds from our range to create funds that are customised for your employees' needs (additional charges may apply)
Read more on our investment options
Our summary of trust-based pensions
Our solutions are ideal for schemes moving from DB to DC, or for employers looking to maximise efficiencies. Standard Life is well thought of in the group DC market and we've been doing this for over 44 years. We won the DC Master Trust of the Year at the UK Pensions Awards 2018.
We’ve also been delivering innovative and flexible solutions to UK businesses for over 25 years. We manage all or part of the pension arrangements for a large number of leading pension schemes from both the public and private sectors.