A brighter future for your employees
LifeSight goes further than looking after the day-to-day management of the scheme. We actively work to improve members’ retirement outcomes. Personalised communications and simple-to-use online and mobile support tools improve engagement, understanding and outcomes for members without any extra cost to employers. LifeSight’s intuitive retirement planning tools also help make the new pension flexibilities easier to understand so members can make informed decisions about cash, annuity and drawdown options. Members using our drawdown service are offered simple, flexible spending patterns that help them to think about their income needs and understand the risk of running out of money. Just as LifeSight will continue adapting to the changing pensions landscape, our member support technology, systems and processes will continue to evolve too.
Ensuring good governance
LifeSight is one of the few master trusts to gain the Pensions Quality Mark (PQM) Ready and Retirement Quality Mark (RQM) accreditation, in recognition of our outstanding communications and good governance both before and after retirement. This accreditation reflects our:
- Dedication to promoting best practice around charges and governance
- Independent Trustee review structure, making sure we meet member needs at all times.
- Clear and engaging communications
Employers who pick a PQM READY scheme such as ours will find it much easier to obtain the full Pensions Quality Mark since they will only have to meet the contribution standards. As a result, the application process is shorter and less costly.
A seamless transition
Employees will still identify their employer as the pension provider as the employer brand will remain at the forefront of what the members see. The transition to LifeSight can take place with minimal disruption to existing pension structures and the member experience. Giving employees access to a high-quality pension provision has never been this easy.
LifeSight offers a full range of smart investment strategies built to respond to the different needs of members. There is also a unique option that allows schemes to transfer their existing investments and strategies into LifeSight, meaning there is no asset transition or out-of-market risk for members.