The National Pension Trust was launched in 2009, and since then we have helped over 100 employers and over 25,000 members meet their DC needs. The challenges for employers in DC range from finding the best governance structure, to solving member access to Freedom and Choice flexibilities at the point of members drawing benefits. Trustees have also used the Trust to transfer out both deferred members and AVC funds – removing ongoing cost and risk.
Many sponsors are choosing a mastertrust as the “sweet spot” for a governance structure, taking many of the benefits of both own-trust and contract-based GPP and incorporating them into a single design.
A growing number of schemes are using the National Pension Trust as an external “signposting” solution to offer members access to the full range of Freedom and Choice flexibilities.
The Trust also accepts transfers for deferred members and AVCs – reducing future cost and risk.
Transfers for DB schemes can also be accepted; providing a well-governed home, particularly for those who wish to access their benefits flexibly.
Because it is simple; The Trust offers a range of 17 carefully selected funds – with enough breadth to cope with most investment needs without being overwhelming.
Because it is engaging; My Account gives access to information and modelling tools – supported by a helpline and a webchat facility, with full advice available on request.
And because it is a one-stop solution; Benefits from other schemes can be simply transferred, and when it is time for benefits to be drawn, there is no need for a transfer – full Freedom and Choice functionality is available whether they want cash payments, an annuity or drawdown.
The investment fund range is designed to give just the right amount of choice;
17 carefully constructed funds, with 3 accumulation and 4 benefit alignment strategies; all created with expert external input.
Tools and modellers that really help with decision making; with trained support staff available via phone or webchat. Full advice can be facilitated if required.
Everything in one place; the Trust will accept transfers from other DC and DB arrangements and give access to all of the retirement choices, without transfer, when the time is right.
Costs are kept low within the Trust, through the scale that can be achieved with over 100 employers. Low costs help members maximise their funds in retirement.