The DC Master Trust Market: A Year In Review
Thank you to the 16 of the “commercial” master trusts (i.e. those that are, in theory, available to all employers) who participated in our annual DC master trust survey in 2024.
The results of the survey are now available in our 2024 DC Master Trust Report. Read or download the full report below.
We share this report in the first year of a new Government. A landmark pensions review is underway, which was originally intended to consider member outcomes, value for money and consolidation and scale. Themes that have been at the forefront of our recent reports. Of course we now know that the adequacy review has been postponed. We look forward to seeing how things might develop in time for our 2025 report!
DC Master Trust Report highlights
This year the report explores themes relating to VfM, default investment strategy, bulk transfers of assets and proposition development. For 2024 we added some new questions to the survey to explore master trust trustee boards’ diversity policies.
Some highlights:
- 56% of master trusts believe the biggest barrier to small scheme consolidation into a master trust is market confusion
- 81% of master trusts allow clients to tailor their default investment strategy ~ with varying approaches to investment governance
- 75% of master trusts make a smart phone app available to members
- 69% believe diversity will become a key criteria for master trust selection
For sponsors or trustees considering the move to master trust, the report provides some interesting insights for you to consider.
If you would like to discuss our findings in more detail, Tina will be pleased to hear from you on 020 8213 5860.
Watch this space
You can view our latest DC Master Trust league table here. Follow Go Pensions on LinkedIn for news on the launch of the next update to the league table.
Information contained in this article is based on Go Pensions research of the DC Master Trust market and is correct at the time of publication. Content from this article and report may not be copied or replicated without prior consent. Please credit Go Pensions if sharing or referencing this report.