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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

Margaret Allison View Biography

Margaret Allison

Consultant
Sheffield

Adam Carruthers View Biography

Adam Carruthers

Solicitor
Leeds

Louise Edwards View Biography

Louise Edwards

Solicitor
Leeds

Strong and stable: ignore the spin, the substance still matters

Strong and stable might no longer be a fashionable phrase, but that's exactly what good governance of academy trusts is all about.

Click here to view more

Modern slavery statements and the academy trust

With victims of modern slavery in England likely to number over 10,000, we consider supply chain transparency requirements for academy trusts.

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Community-led housing: Lancaster gathering

Interested in community-led housing? Join us on Saturday 4 November at the Friend's Meeting House in Lancaster.

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Philanthropy Impact - The role of professional advisers, philanthropists...

Date: 07 Nov 2017

Venue:

Speaker: Fran Hegyi, Executive Director, Hull UK City of Culture 2017; Andrew Dixon, Director, Culture Creativity Place, Bid adviser Leeds 2023; Other speakers TBC

Further information and booking

Schools Breakfast Club: Preparing for GDPR in Schools - 14th November

Date: 14 Nov 2017

Venue: Wrigleys Solicitors, 19 Cookridge Street, Leeds

Speaker: Ibrahim Hassan, solicitor and director of Act Now Training Limited

Further information

Community ownership of land and buildings: lessons and policy implications Scotland & the North

Date: 16 Nov 2017

Venue: Radisson Blu, Leeds

Further information

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