Master Trust Working Group

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With over 14 million members now saving through master trusts, the sector is going through a period of change. The PMI’s Master Trust Working Group aims to provide education, represent the views of those at the heart of the industry, support the improvements that must be made and tackle these issues.

The working group consists of four workstreams, which aim to develop educational materials and produce thought leadership to support the master trust industry.

Governance

This workstream comprises of trustees and scheme strategists to encourage best practice across the trusteeship sector. Aimed at both commercial and non-commercial trusts, the group will promote the importance of having a diverse range of skills on trustee boards.

Training and Education

Aimed at those who run and work for master trusts, as well as advisers, this group will look at training and education guides and tools to help employers to manage their schemes. The stream will also promote improvements to the master trust qualifications currently available.

Technology and Engagement

This workstream will cover both operational and member facing technology, with a focus on the Pensions Dashboards, big data, artificial intelligence, the regulatory framework and the reliance on the quality of data.

Innovation

This workstream will focus on innovation across the pensions sector, particularly in relation to decumulation and investment.

Join a workstream

Find out more

Workstream membership will be limited to two representatives per organisation – but companies may have delegates across all four workstreams. If you are interested in joining one of the workstreams, please get in touch

Get in touch

Governance

Current members

Mark Baker

Pinsent Masons

Chair
Robin Armer

NEST
Vicky Holmes

The Pensions Regulator
Rosalind Knowles

Linklaters
Ivan Laws

Ensign
Jessica Rigby

Evolve
Phil Spary

Crowe
Maralyn Thomas

Castle Pension Trustees
Alan Whalley

Atlas Master Trust
Anthea Whitton

Eversheds Sutherland
Hannah Sankannawar

Workers Pension Trust

Latest insights

Knowledge Hub

15 October 2020

Master Trust Working Group: Governance as a driver of member outcomes

Dramatic expansions in the DC master trust market mean that more employers must choose between diﬀerent master trusts. There are variances between the trusts available and employers may favour particular providers whose services they already use for administration or investment.

Current members

Justine Pattullo

Origo

Chair
Julie Parker-Welch

HSBC
Darren Philp

Smart Pension
Kate Smith

Aegon
Maiyuresh Rajah

SSGA
Jonathan Hawkins

Bravura
Graham Peacock

Scottish Widows
Tim Gosling

Peoples Pension
Malcom Reynolds

Mercer
Duncan Howarth

ITM Limited
Declan McErlean

Workers Pension Trust

Latest insights

Knowledge Hub

08 June 2020

5 Golden rules for member engagement using technology

These golden rules are intended to be the cornerstones in helping Master Trusts build better digital servicing for members.

Current members

Graham Peacock

Scottish Widows

Chair
Robin Armer

NEST
Maria Nazarova-Doyle

Mercer
Jessica Rigby

Evolve
Andy Parker

Barnett Waddingham
Jonathan Hawkins

Bravura
Bill Finch

Salvus
Lesley Carline

PMI/KGC
Anthea Whitton

Eversheds Sutherland

Innovation

Current members

Maiyuresh Rajah

SSGA

Chair
Justine Patullo

Origo
Lesley Carline

PMI/KGC
Julie Parker-Welch

HSBC
Maria Nazarova-Doyle

Mercer
Darren Philp

Smart Pension
Kate Smith

Aegon
Malcolm Reynolds

Mercer
Andy Parker

Barnett Waddingham
Jonathan Hawkins

Bravura
Bill Finch

Salvus
Tim Gosling

Peoples Pension
Mark Baker

Pinsent Masons
Mark Beck

RPMI
Declan McErlean

Workers Pension Trust

Latest insights

Knowledge Hub

05 March 2021

Innovation in regulation and supervision of Master Trusts

This is the final essay in a series of six produced by the PMI’s Master Trust Innovation Workstream. The other essays looked at what we expect a good Master Trust to look like in certain areas in five to ten years’ time. This essay draws on those themes and looks more widely at what is needed from a regulatory and supervisory perspective.

05 February 2021

What a good Master Trust will look like in five to ten years’ time

Governance of Master Trusts by 2025

13 November 2020

Service Innovation in DC Master Trusts

The PMI’s DC Master Trust Group was established to help overcome barriers to offering a good service to members. As part of bringing the group together, the decision was made to include not just Master Trust providers but representatives to the supply chain. The delivery of good services requires many different components to work together in harmony. Without bringing together the component parts, we would not be able to work towards overcoming the barriers.

09 October 2020

From minor data to Master Trusts

Member engagement in 2030

This is the third essay in a series of six produced by the PMI’s Master Trust Innovation Workstream. This essay aims to set out how we can expect member engagement with Master Trusts to evolve in the next five to ten years

11 September 2020

Investment innovation in Master Trusts by 2025

The second essay in a series of six produced by the PMI’s Master Trust Innovation Workstream looks at what we can expect Master Trust investment propositions to look like in five years’ time.

17 July 2020

The Changing Landscape of Pensions and Master Trusts

The first essay in a series of six produced by the PMI’s Master Trust Innovation Workstream provides the background to the subsequent essays by setting out how we expect the market to look in five to ten years’ time.