Ferdy Lovett discusses key issues for employers when transferring to a DC master trust in Employee Benefits
Ferdy Lovett, partner, writes in Employee Benefits about how there has been a sharp increase in employers looking at moving DC pension provision into a master trust, both for future contributions and employees’ built up benefits, and discusses the key issues involved.
For employers, the goal is generally to find an appropriate vehicle for pension provision for existing employees, as well as to reduce the costs and management time of their occupational DC scheme. Transferring DC assets into a master trust can be a long process, and is one that should be planned in detail.
Read more about the key issues in Employee Benefits.