What is an Executive Master Trust
A Master Trust is simply a defined contribution company pension scheme set up under trust. It differs from traditional DC pension schemes in that multiple employers all coexist under the one trust deed, hence the term ‘master trust’. Each Pension provider will have their own Independant Master Trust provider, this give you options on what company you wish to be your provider and what choice of funds you wish to be invested in.
Employers have peace of mind knowing that all trust based regulatory and governance responsibilities are looked after within the Master Trust while they retain the flexibility to decide the benefits structure and eligibility rules of the plan. Participating employers benefit from being part of a single trust but each employers’ plan (the Plan) is separate within the Master Trust.
- The Employer decides on the level of contributions paid.
​
- Master Trust allows members to make Additional Voluntary Contributions (AVC) should they decide to do so. Lump sum contributions by the employer and/or members are also permitted, subject to Revenue rules.
​
- The Master Trust offers a suite of funds designed to suit various investment risk profiles, ranging from low risk to high risk, allowing members to make their own investment decision and invest in any of the available funds.
​
- Members will have a number of options on reaching retirement age.​​Contact us today for further information and quotes.