REBA Pensions and Master Trusts Research 2020 in association with Scottish Widows


This report is free for members!

Click on the yellow button to download your copy of the Pensions and Master Trusts Research 2020.

Our report demonstrates just how much care so many employers do put into the long-term financial wellbeing of their employees, even though very few employees truly engage in their pensions until closer to their retirement. While some organisations do this because it is the right thing to do, for many, achieving good retirement savings outcomes for employees is not primarily about being good to staff. It is about ensuring good future business outcomes: with employees who want to retire being able to at their chosen age.


Graham Brown

Graham Brown


Maggie Williams

Content Director

The REBA Pensions and Master Trusts report, in association with Scottish Widows, explores employers’ views on their pension schemes; the challenges they face with encouraging staff to save for retirement; and what actions they plan to take to address those challenges in the future. It also explores employers’ views on master trust pensions and their position within the pensions market.

The report is based on the results of two complementary phases of research. In phase 1, carried out in April and May 2020, 105 reward and benefits professionals completed an online survey of pensions and financial wellbeing. Phase 2, carried out in July and August 2020, involved a series of in-depth interviews with ten reward and benefits directors, drawn from REBA’s membership.


Welcome: a shift in focus for pensions savings

Executive summary: five key findings

Introduction: modern master trusts lead the way

Part 1: The pensions landscape

  • Selecting and monitoring a pensions provider
  • Who makes the decisions?
  • Checklist: what to consider when choosing a provider
  • Opinion: next generation master trusts must continue to innovate
  • How master trust authorisation protects pensions confidence
  • Responsible investment – the new default?
  • Case study: master trusts in practice
  • A more mature market brings new challenges

Part 2: Employers’ pensions challenges

  • Employee engagement with pensions
  • Communications
  • Making pensions a priority
  • Linking pensions and financial wellbeing
  • What products are on offer?
  • The effect of COVID-19
  • Understanding retirement needs

About the author

Graham Brown is a specialist researcher within HR, pay and employee benefits.

He previously headed up employee benefits research at Incomes Data Services (IDS) producing surveys, insight reports, in-depth research and case studies on all aspects of total reward – including pensions, share schemes, company cars, bonus schemes and flexible benefits.

After 12 years at Thomson Reuters (IDS), Graham is now a freelance writer, researcher and editor specialising in all areas of HR, including: pay and reward, employee benefits, training and development, recruitment and employee relations.


This report is free for members!