Pensions - Articles - National Pension Trust is 1st fully flexible Master Trust

 Ken Anderson, head of DC Solutions, Xafinity, said:

 “ Members of the National Pension Trust are uniquely able to access their benefits via any combination of cash lump sums, Flexi Access Drawdown or annuity purchase, safe in the knowledge that that the National Pension Trust has achieved the Regulator’s Master Trust Assurance Framework.

  

 Established in 2009, the National Pension Trust has a proven track record of supporting members to access their benefits flexibly. It is being used by some Employers as a retirement scheme to complement their existing pension arrangement, whilst others are using it to replace their existing inflexible pension arrangement.”

  

 The Master Trust Assurance Framework makes it much easier for employers to differentiate between providers at a time when Master Trusts are gaining in popularity.

  

 Xafinity’s highly governed DC Master Trust, the National Pension Trust, is able to provide significant support to members to access the full range of flexibilities at no additional cost to the Employer or Trustees.

  

 The National Pension Trust reduces the risk that Trustees and Employers would otherwise face. Unlike other Master Trusts, the National Pension Trust does not rely on members transferring to an insurance company SIPP to access their benefits flexibly. This approach avoids the cost, confusion and risk inherent with such transfers.

  

 The National Pension Trust is able to support members to select the right combination of benefits for them, and importantly, keep their retirement strategies under review.