Pension Master Trust Adoption To Accelerate, Says Broker

Law360, London (July 15, 2020, 5:19 PM BST) -- The use of multi-employer pension schemes is expected to increase in the next two years among the largest U.K. businesses, according to research from broker Willis Towers Watson, a sign of growing consolidation in the market.

Willis said that 22% of FTSE 100 and FTSE 250 companies already use so-called master trusts for their main defined contribution pension plan, and that proportion will likely increase to 27% and 35%, respectively, in the next two years.  

Among FTSE 100 companies the use of standard trust-based defined benefit schemes has fallen in the past two years by 6 percentage points.

The survey,...

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