The auto-enrolment solution for Northern Ireland

Exciting milestone for Cushon….Here We Grow Again!

Posted in General News and Newsletters

You will recall that in June 2021, we wrote to advise that our Scheme Funder, Construction First Ltd, had been acquired by Cushon.

Today, we would like to update you on another exciting milestone for Cushon. Cushon has acquired Creative, the manager of Creative Pension Trust, subject to FCA approval. Once approved, this latest acquisition sees Cushon become the UK’s 5th largest master trust provider with £300m contribution inflow annually across 400,000 users and £1.7bn of assets under management.

In line with regulatory goals to drive further market consolidation this will be Cushon’s third master trust acquisition in two years - Salvus Master Trust, Workers Pension Trust and now Creative Pension Trust.

It is a key landmark in Cushon’s journey to create a better financial future for everyone, enabling more savers and investors to benefit from a net zero pension scheme as well as an intuitive app and automated investment monitoring service, CushonMe. 

There will be no change to the WPT scheme in the short term.  The provision of members’ pension and the payment of contributions will continue as normal, and no action is required from members or participating employers.

We are currently organising calls with participating employers and partners to showcase the member experience through Cushon’s mobile app, as well as the new investment strategy.

Getting feedback is very important to us as a growing business. If you would like to arrange a call to find out more, please contact Jenda McSwiggan, Business Development Executive at jendam@workerspensiontrust.co.uk or call 07808 646 117.

Further information can be found here

https://www.cushon.co.uk/blog/here-we-grow-again-cushon-acquires-creative

https://www.finextra.com/pressarticle/91091/workplace-savings-fintech-cushon-raises-35m/retail