A high quality DC pension scheme | The BBS MasterPlan

A quality defined contribution (DC) option

If you are a trustee of an occupational pension scheme, you will be all too familiar with the onerous duties and responsibilities that come with your role. Finding a suitable pension arrangement for your defined contribution (DC) section or additional voluntary contributions (AVC) can be tricky, particularly where this is only a small element of your scheme.

The Pensions Regulator has six principles for a high quality DC pension scheme:

The BBS MasterPlan includes all features needed for a high quality DC pension scheme, as outlined by the Regulator, and is able to receive both new contributions and transfers of existing funds. As a master trust arrangement (part of SuperTrust UK, established in 2005), the MasterPlan benefits from independent management by professional trustees. The BBS MasterPlan has obtained independent master trust assurance which ensures you meet the requirements of the Pensions Regulator’s code of practice regarding governance and administration.

To help your members understand the decisions they need to make, clear and engaging communications are included as standard. Statutory money purchase illustrations (SMPIs) and additional communications and support can also be provided – you choose the most suitable options for your scheme and budget.

Find out more

For more information on how the MasterPlan could benefit you and your members, click here to see the key features of the scheme.

I have a high level of confidence in the service and advice provided by BBS.

Jim McAuliffe

Finance Director, Bristol Airport