Skip navigation
What's changing?ProposalMaster TrustProposed providerFAQs

Master Trust

The consultation period ended on 11 September 2020. IMI will write to you later this month to confirm the decision.

FAQs were last updated on 20 August

What is the proposal?

We are proposing to move members' pensions built up in the RSP into a Master Trust arrangement.

IMI has consulted with active members and eligible employees about the proposal. The consultation period ended on 11 September 2020. IMI is now considering whether to proceed with the proposal.

Find out more about Master Trusts

Summary of the proposed changes

If the proposed changes go ahead, the Trustee also intends to transfer existing members' into the proposed Master Trust arrangement.

Find out more about the proposed Master Trust arrangement

What is the timing of consultation?

14 July 2020

Consultation period starts

Active members and employees eligible to join the RSP could provide feedback on the proposal.

IMI and the RSP Trustee regularly checked and considered feedback during consultation, and updated the frequently asked questions.

11 September 2020

Consultation period ends

IMI and the RSP Trustee will review all feedback and decide whether or not to go ahead with the proposed change. Affected members will receive a letter to confirm the decision and let you know what will happen next.

October 2020

If the change goes ahead, your pension contributions would start to go into the Master Trust from October 2020.

What do I have to do?

During the consultation period you had the opportunity to find out what the proposal would mean for you and provide your feedback. IMI is now considering whether to proceed with the proposal. You do not have to do anything. If the proposal goes ahead, we’ll be in touch with affected members with more information.

What happens now?

The consultation period ended on 11 September 2020. If you are an active member or an employee eligible to join, you can still read about the proposal on this website.

IMI will now review all the feedback submitted and decide whether the proposal will go ahead. We’ll contact you later in the year to let you know the decision.

You do not have to do anything. If the proposal goes ahead, we’ll be in touch with affected members with more information.

This site uses cookies to deliver its services.

Read more Close