“As abrdn continues to focus on delivering solutions for clients, I am delighted that we will be launching 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.
DB master trusts – are they the solution for you?
Hear our thoughts on the key drivers for the anticipated growth of DB master trusts. How can they give you comfort to pass on the future running of your DB pension scheme and deliver cost and risk savings for the business?
Why the abrdn pensions master trust?
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.
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Improved governance
“One stop shop” for all your DB pension scheme needs
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Driving cost efficiencies
Fixed bps cost driven down through scale, encompassing all services
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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
