Master Trust Funds Recover Fast After COVID, Analysts Say
Law360, London (June 9, 2021, 12:27 PM BST) -- The country's largest pension master trusts have seen investments improve in the last year, despite market shocks from the COVID-19 pandemic, according to retirement consultancy Hymans Robertson.
The company said on Tuesday that an estimated 50% of Britons are now enrolled in master trusts via their workplace retirement plans. The trusts are vehicles for consolidating smaller pension plans from several employers.
"The last year has been a year unlike any other," Shabna Islam of Hymans Robertson, said. "The COVID-19 pandemic brought many challenges to master trust default funds, yet it is encouraging that, in general, member outcomes improved over the course...
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