The auto-enrolment solution for Northern Ireland
We have been operating a pension scheme from our Belfast office since 1982. We currently administer the pension requirements of more than 2000 companies and thousands of employees.
One of our key strengths is that we provide a local service. We do not use call centres or automated messages.
Members can arrange an appointment to meet with a member of the team should they require assistance, however we are unable to provide financial advice.
We provide a free auto-enrolment delivery programme tailored to the requirements of each individual business.
Workers Pension Trust is a trust based, defined contribution scheme, registered with HMRC and The Pensions Regulator.
Workers Pension Trust is set up under trust to ensure that the assets are protected. Workers Pension Trust Limited, a corporate trustee, is responsible for all aspects of Scheme governance on behalf of Members. Workers Pension Trust Limited is a company limited by guarantee. There are no shareholders. The Scheme is governed by a Board of Trustee Directors which includes Business and Trade Union Representatives.
In February 2017 Workers Pension Trust qualified for the Master Trust Assurance Framework quality standard and is the first local scheme to receive this recognition. The assurance is based on the new framework developed by the Institute of Chartered Accountants England and Wales (ICAEW), in partnership with the Pensions Regulator. Trustees are required to report against 27 ‘control objectives’ relating to governance and administration which are audited on an annual basis. Workers Pension Trust obtained independent Master Trust Assurance, from Assure UK, with no exceptions noted and is one the first Master Trusts in the UK to report under the new framework.
Achievement of the assurance demonstrates that the highest standards of governance and administration are maintained.
Construction First Ltd co-administers the Scheme with JLT Benefit Solutions Ltd. JLT Investment Consulting advises the Trustee on scheme investments. JLT is authorised by the Financial Conduct Authority and is a key player in the UK pensions market.
Workers Pension Trust has been developed specifically to meet the needs of auto-enrolment for businesses based in Northern Ireland. The scheme is also open to employers based in other areas of the UK. The scheme administrators have 35 years’ experience in operating a multi-employer trust-based pension scheme for the construction industry (Enhance Construction Pension Scheme Northern Ireland).
Workers Pension Trust can be implemented as a stand-alone auto-enrolment solution or to complement existing pension arrangements. The Scheme accommodates both weekly and monthly paid employees from all business sectors.
The Scheme also provides Group Life Assurance as an additional optional extra. The options for cover are £25,000, £50,000 or £100,000 per employee.
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