Trust-based pension schemes

Trust-based pension schemes are retirement plans managed by a dedicated trustee or trustees who oversee contributions, investments, and benefits for members. Participants or their employers pay into the scheme, and the trustees ensure the funds are invested prudently to grow over time. When members retire, they receive income or lump sums based on the scheme’s rules. The trust structure provides a clear separation of responsibilities, aiming for transparency and good governance, ensuring members' pensions are secure and managed in their best interests.