Pensions - Articles - Master Trust Default Fund Performance Review


The rise in the use of Master Trusts over the past 6 years has been phenomenal, going from a relatively niche option serving the needs of smaller employers, to often being seen as the DC vehicle of choice today.

 by Jesal Mistry, Head of DC Scheme Design and Provider Evaluation at Hymans Robertson

 Since the introduction of auto enrolment in 2012, membership of Master Trusts has increased from 270,000 in early 2012 to almost 10 million this year1. Master Trusts now account for 42% of the workplace pensions market2, and that figure is likely to continue to rise in coming years.

 Following on from the first edition of our Master Trust Insights report last year, we wanted to again compare the investment performance across the biggest providers’ default funds. Recognising that there are distinct phases of a retirement savings journey which require a different investment approach, our latest review compares performance at each of these phases, which include:

 Growth phase (30 years to retirement)
 Consolidation phase (5 years to retirement)
 Pre-retirement phase (1 year to retirement)

 1The Pensions Regulator 2018
 2The Pensions Regulator 2018 

 Master Trust Default Fund Performance Review

Back to Index


Similar News to this Story

TPR publish first AFS under the new DB funding code
TPR’s first AFS published under the new DB funding code sets expectations for focus on endgame planning. The Pensions Regulator (TPR) expects most sch
Comments on The Pensions Regulators annual funding statement
Initial Comments on The Pensions Regulators Annual Funding statement from Standard Life, PMI, ACA, Broadstone and XPS Group
Further responses to TPRs AFS publication
Hymans Robertson, Barnett Waddingham and The Society Pension professionals of comment on The Pension Regulator’s 2025 annual funding statement publish

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.