What is APT Master Trust
The APT Master Trust allows employers to operate their pension plans under the umbrella of a Master Trust.
Each employer has a ring-fenced section within the trust and gets to decide upon their own level of contributions and benefits. But one trustee board makes the key decisions around investment, governance, administration, and communications and undertakes the legal and compliance responsibilities of the trust.
The Master Trust offer employers the benefit of a “built in” governance function with generally low operating costs, greater simplicity and expediency than a single employer plan, which requires its own trust and trustees.
Why Master Trust
The case for having your workplace pension managed through a Master Trust has become more compelling:
Many employers are coming to the realisation that having their own employees act as a trustee to their pension plan is inefficient and taking valuable time away from their roles within the business. Similarly, the time commitment required to deal with a professional trustee in a single trust plan can be onerous.
The APT Master Trust provides a single professional trustee board equipped to undertake all of the regulatory and fiduciary responsibilities.
Many employers recognise the need to manage pension plan risks, but with increasing regulation and compliance standards, it is becoming more challenging.
The APT Master Trust takes on full legal and fiduciary responsibilities by removing responsibility for pension plan governance away from your own employees to the Master Trust trustees, which reduces risks considerably.
Trusteeship Leveraging from the collective – The APT Master Trust provides governance standards designed to meet the demands of the regulatory regime together with state of the art administration, investment and online facilities.
Value for money – The trustees can negotiate competitive investment charges based on the overall amount of assets under management in the trust. Therefore, plans of all sizes may benefit from pricing normally associated with larger funds.
Optimising member outcomes
The APT Master Trust offers investment strategies which are designed to optimise the outcome for members based on the manner in which each individual will draw down their pension pots.
Information at the click of a mouse
APT online provides employees with a secure personal portal which allows each member to follow the progress of their investments. The portal provides a range of useful tools which include:
- Pension calculators
- A daily benefit statement
- Performance measure tools
- A library of reference material
- Video tutorials
- A fund switch facility