The Pensions Trust, one of the leading workplace pension funds in the UK, has seen its assets increase to more than £7 billion, a rise of 18% from May 2014 (£5.9 billion). This growth is a direct result of the Trust continuing to provide first-rate products at a cost-effective price, along with astute investment management.
Entering its 70th year, The Pensions Trust continues to be one of the foremost providers of workplace pensions. Over the year, The Pensions Trust has taken on more than 40,000 new members and now serves c. 240,000 individuals from over 2,400 UK pension schemes.
Mike Ramsey Chief Executive of The Pensions Trust, said: “Since taking the step to open our doors to schemes from all sectors we’ve seen membership grow significantly, which is reflected in the increased assets. The launch of our DB complete product has been welcomed by our clients and will help us grow our market share as more defined benefit legacy schemes come on board. Our existing client base is a key priority for the coming year as we aim to provide the best possible service at a competitive price to all our employers and members.”