The BBS MasterPlan: a simple workplace pension solution
Key benefits of The BBS MasterPlan include:
- Easy access to the 2015 pension freedoms: The BBS MasterPlan has been specifically designed to take advantage of the 2015 pension freedoms. Any member aged 55 or over can take their pension fund however they wish.
- Low member charges: The BBS MasterPlan offers exceptional value for money, with member charges starting from just 0.5% per annum.
- Expert management and oversight: The BBS MasterPlan benefits from independent management by professional trustees - so all governance requirements are automatically met through the master trust structure.
- Secure online member access: The BBS MasterPlan is provided with clear member communications in plain English and secure online access so individuals can easily keep track of their pension savings.
Combining low costs, expert administration, robust governance and clear employee communications, The BBS MasterPlan is designed to be suitable for all your workplace pension needs.
The BBS MasterPlan comprises all the features needed for a high quality DC pension, making it an ideal option for additional voluntary contributions (AVCs).
As of April 2015, the rules surrounding how individuals may take their pension savings have changed dramatically – The BBS MasterPlan provides easy access to these new pension freedoms.