Master Trust Working Group

With over 14 million members now saving through master trusts, the sector is going through a period of change. The PMI’s Master Trust Working Group aims to provide education, represent the views of those at the heart of the industry, support the improvements that must be made and tackle these issues.

The working group consists of four workstreams, which aim to develop educational materials and produce thought leadership to support the master trust industry.

Governance

This workstream comprises of trustees and scheme strategists to encourage best practice across the trusteeship sector. Aimed at both commercial and non-commercial trusts, the group will promote the importance of having a diverse range of skills on trustee boards.

Training and Education

Aimed at those who run and work for master trusts, as well as advisers, this group will look at training and education guides and tools to help employers to manage their schemes. The stream will also promote improvements to the master trust qualifications currently available. 

Technology and Engagement

This workstream will cover both operational and member facing technology, with a focus on the Pensions Dashboards, big data, artificial intelligence, the regulatory framework and the reliance on the quality of data.

Innovation

This workstream will focus on innovation across the pensions sector, particularly in relation to decumulation and investment.

Join a workstream

Find out more

Workstream membership will be limited to two representatives per organisation – but companies may have delegates across all four workstreams. If you are interested in joining one of the workstreams, please get in touch

Get in touch

Governance

Current members

  • Mark Baker
    Mark Baker
    Pinsent Masons

    Chair

  • Robin Armer
    Robin Armer
    NEST
  • Vicky Holmes
    Vicky Holmes
    The Pensions Regulator
  • Rosalind Knowles
    Rosalind Knowles
    Linklaters
  • Ivan Laws
    Ivan Laws
    Ensign
  • Jessica Rigby
    Jessica Rigby
    Evolve
  • Phil Spary
    Phil Spary
    Crowe
  • Maralyn Thomas
    Maralyn Thomas
    Castle Pension Trustees
  • Alan Whalley
    Alan Whalley
    Atlas Master Trust
  • Anthea Whitton
    Anthea Whitton
    Eversheds Sutherland
  • Hannah Sankannawar
    Hannah Sankannawar
    Workers Pension Trust

Latest insights

Knowledge Hub

Master Trust Working Group: Governance as a driver of member outcomes
15 October 2020

Master Trust Working Group: Governance as a driver of member outcomes

Dramatic expansions in the DC master trust market mean that more employers must choose between different master trusts. There are variances between the trusts available and employers may favour particular providers whose services they already use for administration or investment.

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Technology

Current members

  • Justine Pattullo
    Justine Pattullo
    Origo

    Chair

  • Julie Parker-Welch
    Julie Parker-Welch
    HSBC
  • Darren Philp
    Darren Philp
    Smart Pension
  • Kate Smith
    Kate Smith
    Aegon
  • Maiyuresh Rajah
    Maiyuresh Rajah
    SSGA
  • Jonathan Hawkins
    Jonathan Hawkins
    Bravura
  • Graham Peacock
    Graham Peacock
    Scottish Widows
  • Tim Gosling
    Tim Gosling
    Peoples Pension
  • Malcom Reynolds
    Malcom Reynolds
    Mercer
  • Duncan Howarth
    Duncan Howarth
    ITM Limited
  • Declan McErlean
    Declan McErlean
    Workers Pension Trust

Latest insights

Knowledge Hub

5 Golden rules for member engagement using technology
08 June 2020

5 Golden rules for member engagement using technology

These golden rules are intended to be the cornerstones in helping Master Trusts build better digital servicing for members.

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Training

Current members

  • Graham Peacock
    Graham Peacock
    Scottish Widows

    Chair

  • Robin Armer
    Robin Armer
    NEST
  • Maria Nazarova-Doyle
    Maria Nazarova-Doyle
    Mercer
  • Jessica Rigby
    Jessica Rigby
    Evolve
  • Andy Parker
    Andy Parker
    Barnett Waddingham
  • Jonathan Hawkins
    Jonathan Hawkins
    Bravura
  • Bill Finch
    Bill Finch
    Salvus
  • Lesley Carline
    Lesley Carline
    PMI/KGC
  • Anthea Whitton
    Anthea Whitton
    Eversheds Sutherland

Innovation

Current members

  • Maiyuresh Rajah
    Maiyuresh Rajah
    SSGA

    Chair

  • Justine Patullo
    Justine Patullo
    Origo
  • Lesley Carline
    Lesley Carline
    PMI/KGC
  • Julie Parker-Welch
    Julie Parker-Welch
    HSBC
  • Maria Nazarova-Doyle
    Maria Nazarova-Doyle
    Mercer
  • Darren Philp
    Darren Philp
    Smart Pension
  • Kate Smith
    Kate Smith
    Aegon
  • Malcolm Reynolds
    Malcolm Reynolds
    Mercer
  • Andy Parker
    Andy Parker
    Barnett Waddingham
  • Jonathan Hawkins
    Jonathan Hawkins
    Bravura
  • Bill Finch
    Bill Finch
    Salvus
  • Tim Gosling
    Tim Gosling
    Peoples Pension
  • Mark Baker
    Mark Baker
    Pinsent Masons
  • Mark Beck
    Mark Beck
    RPMI
  • Declan McErlean
    Declan McErlean
    Workers Pension Trust

Latest insights

Knowledge Hub

Innovation in regulation and supervision of Master Trusts
05 March 2021

Innovation in regulation and supervision of Master Trusts

This is the final essay in a series of six produced by the PMI’s Master Trust Innovation Workstream. The other essays looked at what we expect a good Master Trust to look like in certain areas in five to ten years’ time. This essay draws on those themes and looks more widely at what is needed from a regulatory and supervisory perspective.

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What a good Master Trust will look like in five to ten years’ time
05 February 2021

What a good Master Trust will look like in five to ten years’ time

Governance of Master Trusts by 2025

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Service Innovation in DC Master Trusts
13 November 2020

Service Innovation in DC Master Trusts

The PMI’s DC Master Trust Group was established to help overcome barriers to offering a good service to members. As part of bringing the group together, the decision was made to include not just Master Trust providers but representatives to the supply chain. The delivery of good services requires many different components to work together in harmony. Without bringing together the component parts, we would not be able to work towards overcoming the barriers.

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From minor data to Master Trusts
09 October 2020

From minor data to Master Trusts

Member engagement in 2030

This is the third essay in a series of six produced by the PMI’s Master Trust Innovation Workstream. This essay aims to set out how we can expect member engagement with Master Trusts to evolve in the next five to ten years

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Investment innovation in Master Trusts by 2025
11 September 2020

Investment innovation in Master Trusts by 2025

The second essay in a series of six produced by the PMI’s Master Trust Innovation Workstream looks at what we can expect Master Trust investment propositions to look like in five years’ time.

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The Changing Landscape of Pensions and Master Trusts
17 July 2020

The Changing Landscape of Pensions and Master Trusts

The first essay in a series of six produced by the PMI’s Master Trust Innovation Workstream provides the background to the subsequent essays by setting out how we expect the market to look in five to ten years’ time.

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