Taking your members to and through retirement

Why employers love the National Pension Trust

The National Pension Trust (NPT) was launched in 2009 and has helped over 120 employers and over 33,000 members meet their workplace pension needs. NPT helps solve employer challenges ensuring there is a strong governance structure, engaging members with saving for retirement and providing them with access to the full Freedom and Choice flexibilities at retirement. Trustees have also used the Trust to transfer out both deferred members and AVC funds - removing ongoing cost and risk. 

This video shows how the National Pension Trust can support employees make use of the full range of retirement income flexibilities.

 

The Trust also reduces the risk that Trustees and Employers would otherwise face, whilst providing members with the flexibility they require.

National Pension Trust

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.

National Pension Trust

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.

National Pension Trust

The Trust also accepts transfers for deferred members and AVCs – reducing future cost and risk.

National Pension Trust

Transfers for DB schemes can also be accepted; providing a well-governed home, particularly for those who wish to access their benefits flexibly.

Why employees love NPT

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.

Take a peek at this video, which shows how the member's needs are centric to the design of the NPT's communications information and support - aiding understanding and the propensity to engage with retirement planning.

National Pension Trust

The investment fund range is designed to give just the right amount of choice;

17 carefully constructed funds, with five growth and seven income alignment strategies; all created with expert external input.

National Pension Trust

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.

National Pension Trust

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.