The New Ireland Master Trust
The New Ireland Master Trust is a defined contribution pension scheme set up under trust that multiple employers can join. The master trust is governed by one trustee, Dawson Master Trustee DAC which was established for the sole purpose of providing a trustee service to the New Ireland Master Trust.
Going beyond meeting the requirements of the IORP II Directive, the New Ireland Master Trust transforms the member, employer and advisor experience delivering strong member engagement and efficiencies for the employer.
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 The New Ireland Master Trust
- A market leading member experience through our MyPension365 digital pensions platform
- Leading edge operational efficiency for employers and Advisors on MyPension365
- A world class investment solution
- Excellence in governance
- Cost certainty and competitive pricing options
- Reduced risk
- Enables quick adoption of best practice, enabling employers to future proof against further regulatory changes.
About the New Ireland Master Trust
The New Ireland Master Trust is a defined contribution pension scheme set up under trust that multiple employers can join. The master trust is governed by one trustee, Dawson Master Trustee DAC which was established for the sole purpose of providing a trustee service to the New Ireland Master Trust.
New Ireland is the Registered Administrator of the Master Trust. New Ireland Assurance Company was established in 1918 and is one of the largest life and pensions providers in Ireland. We have been providing administration services to Group Defined Contribution plans since 1990.
The New Ireland Master Trust offers ease of compliance with the IORP II Directive. Established in March 2020, careful consideration was given to the expected future regulatory environment when it was being developed.
You can view the New Ireland Master Trust brochure, flyer and 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.
Investment Solutions
The New Ireland Preferred Suite of Funds offers members a choice of management style (both active and passive) across a range of risk appetites coupled with a diversified choice of independent fund managers.
- A choice of 13 funds
- Flexibility to mix and match Passive IRIS with all other funds in the suite
- Strong investment performance record underpinned by proactive manager selection and replacement
- ESG (Environmental, Social, Governance) is core to the offering
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.
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.
FIND OUT MORE
See the New Ireland Master Trust brochure for more information.
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.
Dawson Master Trustee DAC is a subsidiary of Bank of Ireland Life Holdings Ltd. and was established for the sole purpose of providing a trustee service to New Ireland Master Trust. Dawson Master Trustee DAC is authorised by the Central Bank of Ireland to undertake Trust Service Provider business under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010.