£100m back to your employees
See how our savings reward is growing employees’ pension pots.
A milestone worth celebrating
We’ve reached an incredible milestone: £100m has been returned to our members’ pension pots through our savings reward (formerly known as the management charge rebate). This is good news for your employees and a reflection of how we do things differently.
£100m given back to your employees
As the UK’s largest commercial master trust, we don’t have shareholders. This means we can focus on reinvesting our profits to benefit our members – your employees – rather than paying out dividends. The savings reward is our way of giving back and helping your employees build a better retirement. That’s money going straight into pension pots – helping your employees grow their savings with no extra effort.
Why do we give back to our members?
Giving back isn’t just a gesture – it’s a reflection of who we are. Our purpose is rooted in fairness and long-term value, and that means putting our members first in everything we do.
Putting people first
We’re committed to helping people build a secure future without unnecessary complexity. We believe that a pension should work for the person saving into it, and that’s why we reinvest back into our members’ pots. It’s a straightforward incentive to create stronger outcomes for everyone who trusts us with their retirement.
How does the savings reward work?
The savings reward lowers members’ annual management charge over time. The more members pay into their pot, the less they pay on the charge as a percentage of their savings, which could potentially grow their pot by thousands over their lifetime. Simply put: the more members save with us, the more we give back to them.
This isn’t a one-off bonus – it’s a regular reward that grows with their savings.
What it means to your employees
If a member’s saved more than £3,000 with us, they’re already receiving it.
Here’s what a member’s savings reward could look like over 40 years, assuming they contribute 8% of their salary annually and their investments grow by 5% each year:
- With a £25,000 salary, their savings reward could grow to around £12,177.
- With a £35,000 salary, their savings reward could grow to around £17,726.
Helping your employees get the most out of this
Employees may benefit from understanding how combining pensions into a single pot could impact their savings, especially if they have older pensions elsewhere that may be incurring charges. Sharing general information about this topic can help them make informed decisions.
For support in communicating pension-related topics, explore our communications toolkit for helpful resources.
We’re always happy to help
We can support your wider workplace engagement plans, and if you’re an adviser, we can manage your clients’ account
Adviser – Contact us Employer – Contact usUseful links for employers:
Create an account
Set up a workplace pension with us.
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Compare master trust workplace pensions
Understand our charges
Learn about how our charges and savings reward work.