The Pensions Trust is the UK’s leading independent
multi-employer pension scheme specialist. Our pension solutions are available to the social, educational, voluntary and not-for-profit sectors.
Current legislation defines multi-employer schemes as:
'Where groups of employing organisations agree to participate in a common pension arrangement.'
The employers involved can either be:
- ‘Associated’ – where an organisation has a number of subsidiaries.
- ‘Non-associated’ – where the organisations have no legal connection, but work in a similar sector.
Recent legislation has made it very complicated and costly to leave a defined benefit multi-employer scheme. Organisations must accept that membership of these schemes is a very long-term commitment.
The Pensions Trust currently manages two 'defined contribution' schemes open to employers in the not-for-profit sector:
- The Flexible Retirement Plan.
The Trust also manages the following 'defined benefit' multi-employer schemes:
- The Social Housing Pension Scheme (SHPS).
- The Scottish Federation of Housing Associations’ Pension Scheme (SFHA).
- The Scottish Voluntary Sector Pension Scheme (SVSPS).
- The Northern Ireland Charities’ Pension Scheme (NICPS).
- The Independent Schools' Pension Scheme (ISPS).
- CARE - a career average scheme open to organisations in the not-for-profit sector.