A master trust is defined as an occupational pension scheme that: provides money purchase benefits. is used, or intended to be used, by two or more employers. is not used, or intended to be used, only by employers which are connected with each other.
How many master trusts are there in the UK?
Master Trusts
What is the difference between a master trust and a group personal pension scheme?
Master trusts have a governance advantage over group personal pensions (GPPs) in terms of investment monitoring, default funds and annuitisation. They can also offer significant economies of scale and are cheaper than most GPPs. However, not all master trusts will survive the current demanding and low-margin market.29 Apr 2013
What is a master trust pension UK?
A master trust is a type of defined contribution (DC) pension scheme that lots of different employers take part in. Each employer has its own section. Master trusts are managed by a single trustee that makes decisions on behalf of all the members of the scheme.
How does a master trust work?
A master trust is an investment vehicle that collectively manages pooled investments. Employers can use a master trust structure for pooling investments in an employee benefit plan. Often employers use a master trust because it simplifies the process of managing employee benefits and keeps management costs down.
Is Aegon trustworthy?
They are not a trustworthy company and don't care about their employees and their families. All they care about is there bottom line and profits.
Can I cash in my Aegon pension?
You can withdraw all your pension savings as a cash lump sum anytime from age 55 onwards and then spend, save or reinvest it as you like. Unless you budget accordingly, or have other investments to give you an income, there's a risk that your lump sum may run out before the end of your lifetime.
Is Aegon Retiready any good?
The site itself is very well-designed, the questions are easy to understand and some questions are not compulsory. The pleasant user experience means it could do well as an easy barometer for those who generally take a hands-off approach to their retirement savings.28 May 2014