Our range of solutions for trust-based workplace pension schemes
Why choose Standard Life for your trustee solution?
Standard Life has decades of experience in providing pension solutions to trustees across the UK. Our flexible approach helps companies provide right-sized, enterprise-level schemes. You can be reassured that we'll always keep the needs of your members firmly at front of mind, whether they're active or retired. And as part of Phoenix Group, we enjoy well-diversified financial strength, with a Fitch AA rating.
Whether it's time to replace some, or all, of your existing trust-based pension scheme or source a new one from scratch, we're here to help you every step of the way.
Or if like many other UK employers, you feel it's time to switch to a Master Trust, we have an award-winning offering for you and your members, with support and service to match.
Our trustee solutions
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Standard Life Master Trust
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Our flagship trust-based pension product has won numerous awards and is recognised across the industry. Choosing the Standard Life DC (Defined Contribution) Master Trust will mean great support for you for the whole life of your scheme, from setting it up, to running it day-to-day, to aiming to achieve the return on investment you expect from your benefits spend.
Suited to medium-to-large companies who want a full-service offering
Outstanding, lifelong member support and a host of engaging, online services
Governance, trustee duties and investment strategy all managed for you by experienced experts
Sustainability, and environmental, social and governance quality baked into our investment and operational commitments
Could suit a scenario where a scheme is being wound down through Trustee Buy-Out and needs a replacement for its active members
This solution is aimed at companies who already have a functioning trustee board, but are looking for a pension administrator. Standard Life can work with you to make sure all the scheme rules and benefits are transferred into a new pension scheme.
Aimed at companies who need to de-risk or update an existing scheme, and have a board of trustees in place
Offers your members a new personal DC (Defined Contribution) scheme
This solution might be what you need when it's time to wind up an existing DC pension scheme. Standard Life will transfer your members into a group policy, and from there will set up individual pension plans for each member of the scheme.
Aimed at trustees who need to wind up a pension scheme
Looks after your active members every step of the way and offers them an individual pension plan in place of their old workplace pension, or paves the way for a transition to a Master Trust
Our BPA solution is aimed at helping companies with existing Defined Benefit pension schemes to de-risk. It's essentially a tailored insurance policy that helps secure members' benefits and at the same time, remove risks from the existing scheme(s).
Effective, efficient de-risking solution
Offers "buy-in" and full-package "buy-out" policies