Welcome to the Navigator Master Trust pension scheme. This is a pension scheme set up under trust by New Ireland Assurance* that multiple employers can join. The master trust is managed by a trustee, General Investment Trust DAC (GIT)** who make decisions around investment, governance, administration and communications.
The purpose of the Master Trust is to achieve compliance with the IORP II Directive and to minimise impact on you, the plan member. All trust based regulatory and governance responsibilities are looked after under one arrangement. Each employer decides on the level of contributions or other benefits and the eligibility rules of the plan for their employees.
The Navigator Master Trust contains 5 different types of pension arrangements:
- Employer sponsored Group Pension plans,
- Private Sector Additional Voluntary Contribution (AVC) Plans,
- One Member Arrangements (formerly known as Executive pension plans),
- Public Sector AVC plans (for Civil and Public servants), and
- Employer Sponsored Group Risk (insured death in service) arrangements.
Here is some information about the different pension arrangements that you may find helpful. If you would like a paper copy of this documentation, please email us at GroupPensions@newireland.ie. Alternatively, if you would like any advice on your pension plan or the funds available to you, please contact your Plan Advisor.
I am…
…an employee and my employer has set up an Employer sponsored Group Pension plan
…an employee and my employer has set up a Private Sector AVC plan
…a member of a One Member Arrangement (formerly known as an Executive pension plan)
…an employee of the Civil Service; Public Sector, Health Service, Voluntary Hospitals or State Related Agencies and my Financial Advisor is Irish Pensions & Finance (IPF)
…an employee of the Civil Service; Public Sector, Health Service, Voluntary Hospitals or State Related Agencies and my Financial Advisor is a New Ireland Financial Advisor
*For Bank of Ireland Life customers, Bank of Ireland Life is a trading name of New Ireland Assurance.
** GIT has appointed New Ireland Assurance as the Registered Administrator and Investment Manager of the Navigator Master Trust. For more information on General Investment Trust DAC, including a copy of their Data Privacy Notice that explains how they use your information and what rights you have under the General Data Protection Regulation (GDPR), please visit their website: www.git.ie.