Your client as trustee is responsible for the overall operation of the program. This means that they will be actively involved in the management of the program and you will be able to work with them to make important decisions such as choosing the investment strategy. Use our library of documents to find the information you need for your retirement, savings or investments. While participation in a multi-employer program simplifies the benefits administration process and reduces costs, each participating employer is treated separately within the master trust to allow for an approach tailored to individual budgets, contractual obligations, and corporate ethics. Sign in to My Account to check your pension, see how much you may have in retirement, and find out how the salary waiver can increase your savings. ImportantThe value of your pension fund can fluctuate upwards or downwards and is not guaranteed. Members can take part or all of the pension pot as a lump sum with a minimum payment amount of £2,000. If you are the trustee or administrator of a DC system with assets of less than £100 million, you will need to perform advanced value for money. We have the knowledge, expertise and resources to help you meet your new legal obligations. Our WorkSave Pension Plan is a group personal retirement plan that provides a tax-efficient framework for investing in a wide range of insured funds, with the ability to offer self-investment when needed. The plan was developed with the collective needs of the employer`s entire workforce in mind. Our online tool helps you get an idea of how much income and/or money you may have in retirement, based on the value of your retirement pool.
We are proud to be one of the UK`s leading occupational pension providers, chosen by some of the UK`s biggest and well-known names. Find out about your pension benefits, how to transfer other pensions to them, and find out what happens when you change jobs. It can help employers manage the long-term costs of retirement savings, particularly through automatic enrolment, by reducing future liabilities associated with operating their own defined contribution plan. It can also provide a high level of system administration that benefits both employers and employees. Our WorkSave Pension Trust provides a bundled solution for fiduciary defined contribution pension plans – both existing and new. It is structured as an insurance policy that gives trustees access to an investment and management platform. This structure gives it great flexibility. This guide looks at options to consider, especially if you`re over 50 when it comes to accessing your pension fund. It also explains the investment strategies we have developed for members who know how to access their retirement assets. If they wish, members can transfer their pension fund to another pension provider to access their retirement options.
Our legal and general Mastertrust offers all the flexibility and benefits of a trust-based system, but without the responsibility of managing a trust board. We are one of the leading providers of occupational pensions in the UK. Our investment guides highlight important elements of investing, while our online tools can help you plan for retirement. All documents and documentation related to the WorkSave pension plan. Our Fund Centre is an online tool that helps you search for and learn about mutual funds. Your guide to managing your fundsPDF file: View – Your guide to managing your funds PDF size: 1.00MB The Statement of Investment Policy sets out what we aim to achieve with the investment options we offer and shows how our investment policy determines how investors` money is invested. Key features of our WorkSave retirement trust for your clients: Use our calculators and tools to determine how much income you need in retirement and how much savings they could bring you. Your investment optionsPDF file: Investment options for the WorkSave buyback plan PDF size: 544 KB If you are already saving with us, you can also register or log in to your Manage account to view fund information relevant to your plan. This guide explains the key principles we follow when managing our funds and what happens when an unforeseen event occurs.
Participants can use income deductions to receive regular payments and/or occasional lump sums in cash. Deductions are treated as taxable income. Approaching RetirementPDF file: Approaching retirement PDF size: 676 KB. This guide covers the basics of investing and what you need to keep in mind if you want to make your own investment decisions. This guide lists the funds available and indicates where each fund, if any, has criteria for a range of ethical and environmental, social and governance (ESG) issues. Statement of Investment Principles: Group Stakeholder Pension PlanPDF file: Statement of Investment Principles: Group Stakeholder Pension Plan PDF size: 723 KB.
