In July 2018, Enhance Construction Pension Scheme members and their benefits transferred to Workers Pension Trust on the same terms and conditions applicable to them under Enhance.
Both Enhance and Workers Pension Trust are under common administration and governance, with related Trustee Boards and with links to the Joint Council for the Building and Civil Engineering Industry (Northern Ireland).
Member pension benefits, with effect on and from the Transfer Date, are held under a new Enhance section of Workers Pension Trust, subject to the Trust Deed and Rules of Workers Pension Trust.
Workers Pension Trust currently has over 100,000 members and funds under management of over £400 million. Thousands of businesses have chosen it to automatically enrol their employees in line with the automatic enrolment requirements that took effect from 2012.
Workers Pension Trust is one of the first Master Trusts in the UK to attain Master Trust Assurance accreditation. This is a standard for operation of Master Trusts, a hallmark of quality set by The Pensions Regulator (TPR) and the Institute of Chartered Accountants in England & Wales (ICAEW).
Workers Pension Trust has the same default investment choices as Enhance. Pension savings are invested in the same way following the transfer. (Please click here for further information on changing investment choices.)
