A master trust is a multi-employer DC pension scheme, under the governance of a single trustee board.
Different employers provide different plans operated under the umbrella of the master trust. The employer still gets to decide on questions like the level of contributions, or the provision of death benefits. But the one trustee board makes the final key decisions around investment, governance, administration and communications.
The Pensions Authority has stated that it wants to reduce the number of pension trusts and trustees operating in Ireland. This combined with the burden of
Master trusts should be of interest to employers who are considering providing a DC plan for the first time. However, for those employers with an existing DC plan, there is growing recognition of the inherent benefits that a master trust model can provide including:
IF YOU BUILD ON STRENGTH YOU BUILD ON CONFIDENCE
As a leading global provider of multi-employer retirement savings solutions, we’re proud to work with hundreds of organisations worldwide. You can rest assured that with Mercer’s support, strength and proven performance you and your employees can build the future together with confidence.
Mercer’s Master Trust has been in operation since 2006, making it one of the oldest
The Mercer Master Trust offers the following advantages:
For more information about the Mercer Master Trust, please download our Master Trust Brochure.
Our record of success with master trusts is international. Mercer’s UK Master Trust was awarded Master Trust Offering of the Year at the 2016 European Pensions Awards and was the Winner of the Master Trust category at Pensions Insight's DC Awards 2017.