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thepartners@wrigleys.co.uk

Leeds: 0113 244 6100

Sheffield: 0114 267 5588

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Master Trusts offer employers a robust governance function but with lower operating costs than the traditional single or multi employer scheme.

What is a Master Trust?

In short, a multi-employer occupational scheme specifically designed for non associated employers. There is a 'master arrangement' and beneath that, each employer has its own 'division' within the master trust. There is one trustee board which means operating costs are shared (and therefore lower costs per employer).  

Where are Master Trusts used?

Increasingly, master trusts are used by employers seeking a cost effective pensions vehicle to help them meet their automatic enrolment obligations. 

We also see them used to receive bulk transfers especially from DC occupational pension schemes which are winding up. 

How can Wrigleys help with Master Trusts?

The growth in the number and size of master trusts has been met with increasing legislation and regulatory scrutiny. 

At Wrigleys we believe that experience is key to understanding the wide ranging issues affecting master trusts.  Acting through our trustee company, Wrigleys Pensions Trustees Limited, we are trustee of an industry leading master trust and have first hand experience of the day-to-day running of these schemes, common issues and developing industry trends.

Our knowledge and experience mean we can assist with:

  • advice and support on establishing and operating master trusts.
  • advice and support to employers wishing to join a master trust.
  • advice and support to transferring schemes and master trusts in connection with DC bulk transfers.
  • acting as a trustee of a master trust through Wrigleys Pensions Trustees Limited.  Latest guidance from the Pensions Regulator suggests that some master trusts should have a minimum of five trustees to provide effective governance.  Our experience makes us the ideal choice for such appointments. For more information on Wrigleys Pensions Trustees Limited please click here

 

 

"They always work to the deadlines we want and they work to effectively service our needs."

"We've had a good experience. They've never let us down on anything we needed them to do. I rate them highly."

- Chambers and Partners

 

Master Trusts

Leigh Holmes View Biography

Leigh Holmes

Partner
Leeds

Rebecca Cooke View Biography

Rebecca Cooke

Solicitor
Leeds

Kate Buckham View Biography

Kate Buckham

Solicitor
Leeds

Meet the team

Leigh Holmes View Biography

Leigh Holmes

Partner
Leeds

Rebecca Cooke View Biography

Rebecca Cooke

Solicitor
Leeds

Kate Buckham View Biography

Kate Buckham

Solicitor
Leeds

Victoria Acomb View Biography

Victoria Acomb

Solicitor
Leeds

Raymond Ainscoe View Biography

Raymond Ainscoe

Consultant
Leeds

Louise Edwards View Biography

Louise Edwards

Solicitor
Leeds

Adam Carruthers View Biography

Adam Carruthers

Solicitor
Leeds

Breaking news… On the 14th September, the Law Commission published its report on Technical Issues in Charity Law

At 484 pages, it is quite a read, so we have summarised some of the key points below.

Click here to view more

Community-led housing: events coming up

There are a number of community-led housing events on the horizon, which demonstrates the growing interest in this sector.

Click here to view more

RSC improvement boards

Efficiency or a nail in the coffin of autonomy?

Click here to view more

Rathbones charity trustee training, Lancashire and Cumbria

Date: 29 Sep 2017

Venue: The Villa, Levens Hall, Kendal

Speaker: Claris D'cruz of Wrigleys Solicitors LLP and Anna Spencer-Gray of RSM UK Audit LLP

Further information and booking

Breakfast Briefing - 17 October

Date: 17 Oct 2017

Venue: Radisson Blu, Leeds

Speaker: Dr John McMullen, Partner at Wrigleys Solicitors

Further information

Annual Charity Governance Seminar 2017

Date: 19 Oct 2017

Venue: Hilton City Leeds

Speaker: Sarah Atkinson , Julia Unwin CBE

Further information

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