An even more powerful workplace proposition
For intermediaries only
The transfer of BlackRock’s UK defined contribution platform and administration business means that we’re uniquely placed to give you access to the service that best suits you, your corporate clients and their scheme members.
By combining the best of each business, we now have one of the broadest workplace savings propositions in the market. We can offer corporate advisers access to a full suite of defined contribution products for their corporate clients, including Master Trust, Own Trust, Investment Only and broader workplace savings solutions.
The combination of our exceptional capabilities and expertise coming together within one powerful proposition means we’re uniquely placed to deliver something fit for the needs of your clients, both large and small.
The additional £15 billion of assets and more than 450,000 customers strengthens our position in the workplace pension market with assets under administration of £38 billion, as at June 2018.
However, we believe this is only the beginning of an exciting new chapter. With employers demanding additional solutions to meet employees’ needs to and through retirement, workplace savings are no longer just about traditional defined contributions pensions. We intend to develop our workplace savings proposition as part of a refreshed proposition strategy in this key market.
There's been a lot of work behind the scenes since we first announced this transfer in May 2016. Now it’s complete, we’re primed to push on with an exciting schedule of developments that we look forward to sharing with you soon.
Watch this space!