LifeSight appoints Mark Bennett to capitalise on growth in master trust market
London, 25 September 2018 – LifeSight, Willis Towers Watson’s master trust, announces the appointment of Mark Bennett as Director of Sales to drive growth and capitalise on the significant market opportunity in the master trust sector.
With over £500m of assets secured from recent full service and drawdown product wins, in the utilities, insurance, transportation and manufacturing sectors, Mark joins LifeSight from Legal & General’s workplace pensions team to help the growing LifeSight team build on this momentum.
Usage of master trusts amongst FTSE 250 firms has more than doubled in the last three years and a recent pension plan strategy survey indicates that it is set to grow further as a third of organisations review their pension delivery vehicles in the coming year. Mark and his team will be able to leverage LifeSight’s best in class governance and impactful member engagement to further solidify its position as one of the UK’s leading master trusts.
With nearly 10 years’ experience in the defined contribution (DC) pension sector, Mark has an impressive track record of securing key new business opportunities whilst strengthening existing client relationships.
Mark Bennett, Director of Sales, LifeSight, said: “I’m excited to be joining LifeSight at such a crucial and exciting time for not only the business but for the sector as a whole. The strong commitment to improving member outcomes and use of technology to modernise pension communication are just some of the things that drew me to LifeSight, and set it apart from many master trusts in the sector. I look forward to being a part of the growing team and playing a key role in the future growth of the business.”
Fiona Matthews, Managing Director, LifeSight, added: “With client feedback revealing that our offering and focus on improving member outcomes through tangible increased member engagement is particularly strong, we’re excited to be expanding our sales team in order to meet the demand from prospective clients, and bring our offering to even more organisations and members. Mark’s wealth of experience in the master trust sector means he’s ideally placed to help us accelerate this growth trend.”