The Pensions Management Institute (PMI) has appointed Scottish Widows as its insight partner to share expertise on master trusts within the industry with PMI members.

The PMI stated that the partnership aims to bring the latest insight on master trusts to PMI members, noting that master trusts are increasingly viewed as an efficient way to outsource scheme management, with more employers looking to master trusts as a potential solution.

As part of the partnership, Scottish Widows will also host webinars, interviews, and panel discussions for PMI members on key master trust topics within the industry.

PMI’s Insight Partnerships are developed with organisations considered to be experts in the industry in a range of areas, and aim to support innovation on key issues.

Commenting on the appointment, PMI CEO, Gareth Tancred, stated that master trusts are becoming more commonplace in the pensions industry as it continues to modernise, stating that Scottish Widows will provide PMI members with “unparalleled” understanding.

Tancred also said that Scottish Widows is an “ideal” choice to be PMI’s insight partner on the topic, stating that the PMI "looks forward to working with Scottish Widows as our partner and to champion leadership in the pensions industry".

Adding to this, Scottish Widows master trust lead, Sharon Bellingham, commented: “We’re delighted to be the PMI’s Master Trust Insight Partner and are very much looking forward to working together to deliver a rich programme of relevant thought leadership and content for PMI members.

“The modern master trust is no longer a simple defined contribution vehicle – it can provide flexible and sophisticated solutions for individuals, employers, trustees and is at the vanguard of a busy legal, regulatory, and mandatory change agenda, all within a supervisory regime that demands high standards of governance and risk management.

“Being part of the Lloyds Banking Group also means that we are in the unique position of being able to draw on and share meaningful consumer insight, which is never more important than at a time when household budgets are under pressure and financial uncertainty is a concern for many.”

Share Story: