What is DB Master Trust and how does it work?

DB Master Trust brings together multiple defined benefit schemes from different employers into a single, professionally governed structure. Each scheme is sectionalised and ring-fenced, meaning its assets and liabilities remain separate from others within the arrangement.

By consolidating into DB Master Trust, schemes benefit from an integrated model that includes investment management services via fiduciary management, administration, actuarial and legal support, helping to streamline operations and potentially reduce running costs and time spent on the scheme by the sponsor.

When a scheme transfers into DB Master Trust, trusteeship is provided within the master trust structure, meaning existing trustees are no longer responsible for the day-to-day running of the scheme in the same way.