“As abrdn continues to focus on delivering solutions for clients, I am delighted that we have launched a UK defined benefit master trust in conjunction with XPS Pensions Group. The abrdn pensions master trust has been designed with XPS Pensions Group to harness the relevant expertise of both firms and offer a solution that provides a professional governance model, high-quality pensions consultancy and administration services, material expense savings through economies of scale and access to a broad range of abrdn’s relevant investment strategies.”
Stephen Bird, CEO abrdn plc
What is a defined benefit master trust?
A DB master trust is a multi employer defined benefit pension scheme for non-associated employers.
It is a pension scheme model that enables schemes to pool together to benefit from economies of scale, whilst ring-fencing their assets and liabilities to avoid cross-subsidies with other schemes.
We believe the abrdn pensions master trust is the first defined benefit pensions master trust to be launched by an asset manager in conjunction with an independent pensions consultancy.
We believe this collaboration will bring better outcomes for both members and employers.
“One stop shop” for all your DB pension scheme needs
Driving cost efficiencies
Fixed bps cost driven down through scale, encompassing all services
Control journey to end-game
Close integration of abrdn investment componentry with XPS advice
“We are delighted to partner with abrdn in the development of an exciting new defined benefit master trust. This new solution should really help bring governance and efficiency improvements to the benefit of thousands of pension scheme members. We have worked hard with abrdn to develop integrated funding and investment solutions that pass on the combined benefit of their investment management expertise and our investment, actuarial and administration expertise. This master trust gives smaller schemes access to the same opportunities that much larger schemes enjoy and gives peace of mind to corporate sponsors allowing them to dedicate more time to running their business.”
Paul Cuff, Co-CEO, XPS Pensions Group
Meet the team
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If you would like to discuss the circumstances of your pension scheme and how the abrdn pensions master trust can play a part in meeting your objectives, leave your details below and a member of our specialist team will get in touch. Alternatively, please contact us directly at DBmastertrust@abrdn.com.