Master Trusts Unpacked:
Default Investment Strategies


The pensions market is evolving rapidly and master trusts are playing an increasingly significant role, as small employer-centered trust-based schemes are encouraged.

In this report we conduct an in-depth examination of the vast array of master trusts available and the considerations to be taken into account when using a master trust to ultimately provide good outcomes for members.

Read the report

What's inside? 

We explore some of the key differences between providers’ approaches to default design and what that implies for:

  • Growth: Have providers’ strategies raced ahead or trundled along in recent years?
  • Consolidation: How smooth is transition from the growth phase to retirement and why does this matter?
  • Shocks: What impact does default design have on members exposure to the risks of climate change?

How we can help

We help you get the best value out of your DC scheme and ensure the best possible outcomes for members. 

We help you define and implement your DC strategy.

We help employers and trustees design investment strategies that achieve better outcomes for members.

We help you understand and meet governance requirements.

DC Quarterly Update

DC Quarterly Update

May 2023

What's on the horizon for defined contribution pensions? In this edition of our DC update we look at key industry developments and governance updates from the past quarter, what's new with Climate Change as well as a round up of our latest insights.

Read the update