Supporting trustees. Delivering greater value for employers. Improving outcomes for members.

Although own trust arrangements offer the most flexibility, they also come at a high cost, with increasing compliance and governance requirements adding further cost and risk. Employers and trustees are looking for alternative ways to deliver high-quality pension options to their members in a more cost-effective way.

Master trusts – single pension trusts covering multiple employers – offer the potential for enhanced governance and broad retirement and investment options, with formal governance responsibilities undertaken by the master trust trustees. They provide value for money and can improve outcomes for both employers and members, with superior online tools and communications. And, they can be implemented via bulk transfer of assets, without individual member consent.

Buck’s DC consolidation toolkit provides support to trustees and employers across the end-to-end consolidation process, offering access to truly independent advice and efficient solutions which can be tailored to your scheme-specific strategic objectives.

We guide trustees and employers through four stages of consolidation decision-making:

Advice Due diligence Review Decision

Then afterwards, we work with you to understand your priorities and factor these into master trust selection, as well as leveraging current assets and future contributions for the benefit of all members. Once a solution is agreed, we support you through transition and establishing appropriate oversight to ensure new arrangements continue to meet employer needs going forward.