The New Ireland Master Trust

A (DC) Master Trust is a defined contribution pension scheme or plan designed for multiple non-associated employers under one trust arrangement.

The New Ireland Master Trust offers a strong governance model, a leading edge digital pension platform and a broad range of investment options working with world class independent fund managers.

What is a Master Trust?

A (DC) Master Trust is a defined contribution pension scheme or plan designed for multiple non-associated employers under one trust arrangement. Employers have peace of mind knowing that all trust based regulatory and governance responsibilities are looked after within the Master Trust while they retain the flexibility to decide the benefit structure and eligibility rules of the plan.

Each employer benefits from being a part of one trust, but each employer's plan is administered entirely separately and reflects their plan preferences.

  • The employer decides on questions like the level of contributions.
  • The trustee board makes the final key decisions around investment, governance, administration and communications.

Benefits of a Master Trust

  • Reduces the governance cost burden
  • Reduces the governance time burden
  • Reduces risk
  • Enables quick adoption of best practice
  • Benefits from economies of scale
Master Trust Benefits

About the New Ireland Master Trust

New Ireland Assurance Company is one of the largest life and pensions providers in Ireland with funds under management of over €21.7 billion (at December 2021).

The New Ireland Master Trust was established in March 2020. Careful consideration was given to the expected future regulatory environment in developing the Master Trust.

The New Ireland Master Trust option offers strong and sustainable governance at a lower cost to the employer. It provides a framework of robust governance and strict regulation with the ability to embrace new legislative requirements as they arise.

The trustee of the New Ireland Master Trust is General Investment Trust DAC, one of the longest established professional pension scheme trustee companies in Ireland.

The New Ireland Master Trust offers a strong governance model, a leading edge digital pension platform and a broad range of investment options working with world class independent fund managers.

You can view the New Ireland Master Trust Key Features document below.

MyPension365

Occupational plans established under the New Ireland Master Trust are administered on our market leading MyPension365 digital platform.

MyPension365 provides an easy and efficient way to manage a company pension plan and provides an enhanced experience for Advisors, employers, trustees, and employees.

To find out more about the MyPension365 digital pensions platform and to view our guides and overview videos, please visit our MyPension365 hub.

MyPension365

Investment Solutions

To ensure we can meet the differing needs of pension investors we offer a broad range of investment options working with some of the world's largest investment managers.

To find out more about our investment proposition, including Passive IRIS - our passively managed target date fund core investment strategy, please visit our Master Trust Investment hub.

Passive IRIS
Warning: If you invest in this product you will not have access to your money until your retirement date.
Warning: The value of your investment may go down as well as up.
Warning: If you invest in these funds you may lose some or all of the money you invest.
Warning: These funds may be affected by changes in currency exchange rates.
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CONTACT OUR TEAM

To find out more about the New Ireland Master Trust, please contact Neville Maxwell, Group Pensions Sales Manager at neville.maxwell@newireland.ie or your New Ireland Account Manager.

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