Nearly half (49%) of employees who have been auto-enrolled are now in master trust schemes, according to research from the Pensions Policy Institute’s (PPI) 2016 research The Future Book.
Additionally the Aon Master Trust Insight Report has found that 55% of employers expect to be using a master trust for all (21%) or part (34%) of their workforce in five years’ time.
So the momentum around master trusts, as auto-enrolment continues to gather pace, with contribution rates increasing in 2018, shows no sign of abating.
But just what is a master trust? And how can employers ensure, with so many master trust schemes currently available, that they're entering into one that is both quality assured and meets their specific needs?
The answer: download our free Master Trust Guide ebook, produced in partnership with Aon. HR magazine and Aon have produced this as a definitive guide to understanding how they work, the benefits they can bring, what the future holds for this type of scheme, and how to best communicate this as part of wider financial education.