Abrdn to launch DB master trust

Abrdn has announced that it will launch a defined benefit (DB) master trust in Q2 2022, in partnership with XPS Pensions Group.

The asset manager and consultancy firm have formed a “strategic alliance” to develop and launch the DB master trust.

The firms stated that the scheme will use Abrdn’s ‘expertise and scale’ and XPS’s ‘high-quality service delivery’ to help small- and medium-sized schemes set their pensions strategies and deliver it in the master trust model.

XPS will provide the actuarial and investment consulting, administration, secretarial, and covenant services to the scheme.

The DB master trust will aim to provide cost savings, governance improvements and the opportunity to improve the security of member benefits.

Environmental, social and governance (ESG) considerations will be embedded into investment decisions, alongside an integrated risk management approach.

The companies noted that there were still over 4,000 small- to medium-sized DB schemes with combined assets of nearly £200bn.

Commenting on the announcement, Abrdn CEO, Stephen Bird, said: “As Abrdn continues to focus on delivering solutions for clients, I am delighted that we will be launching a UK DB master trust.

“The Abrdn pensions master trust has been designed with XPS Pensions Group to harness the relevant expertise of both firms and offer a solution that provides a professional governance model, high-quality pensions consultancy and administration services, material expense savings through economies of scale and access to a broad range of Abrdn’s relevant investment strategies.”

XPS co-CEO, Paul Cuff, added: “We are delighted to partner with Abrdn in the development of an exciting new DB master trust.

“This new solution should really help bring governance and efficiency improvements to the benefit of thousands of pension scheme members. We have worked hard with Abrdn to develop integrated funding and investment solutions that pass on the combined benefit of their investment management expertise and our investment, actuarial and administration expertise.

“This master trust gives smaller schemes access to the same opportunities that much larger schemes enjoy and gives peace of mind to corporate sponsors allowing them to dedicate more time to running their business.”

    Share Story:

Recent Stories


Making pension engagement enjoyable through technology
Laura Blows speaks to Nick Hall, business development director and Chartered Financial Planner at UK-based Wealth Wizards about the opportunities that technology provides for increasing people’s engagement with pensions and increasing their retirement wealth. Please click here for an edited write-up of the video

ESG & DC – creating the right tools
In the latest of our series of Pensions Age video interviews Francesca Fabrizi, Editor in Chief of Pensions Age is joined by Manuela Sperandeo, Head of Sustainable Indexing EMEA, BlackRock and Mark Guirey, Executive Director, Asset Owner and Consultant Coverage - MSCI to discuss some key trends of ESG investing among UK pension funds today. Please click here for an edited write-up of the video

Savings and finance at retirement
Laura Blows is joined by Claire Felgate, Head of Global Consultant Relations, UK, at BlackRock, to discuss savings and finance at retirement. Please click here for an edited write-up of the video

Global sustainable credit
Laura Blows speaks to Royal London Asset Management senior fund manager, Rachid Semaoune, about global sustainable credit
Global equities and transition investing
Pensions Age editor, Laura Blows speaks to Royal London Asset Management equity investment director, Jonathan Price, about transitioning to sustainable investments within global equities

Advertisement Advertisement Advertisement