Bluesky is a Master Trust authorised by the Pensions Regulator and one of the largest Master Trusts in the UK.
The Trustee of the Bluesky Pension Scheme has some exciting news.
In January 2020, Bluesky and its sister pension scheme, The Crystal Trust, will become one pension scheme known as Crystal.
On 23rd September 2019, the Trustee approved the plans of the sponsor company, Evolve, and this announcement confirms the changes that will affect any new employer wishing to join.
Crystal, like Bluesky, is an authorised master trust and has met the high standards expected by the Pensions Regulator. The schemes will be brought together to create a single larger scheme with a more streamlined structure and the ability to provide improved member tools and generate long term cost efficiencies.
Bluesky has advised the Pensions Regulator of its plans and has provided an implementation strategy that runs from the date of this announcement to January 2020.
Within the new structure of:
- 2,500 employers
- 85,000 members
- Over £500m of contributions under management
there will be a number of improvements which will be available to members:
- New member website (evolink) with additional online functionality
- Retirement Drawdown options built within the scheme
- Additional financial support and education
In the meantime, if you have any questions, please contact us on 0333 321 8208 or email firstname.lastname@example.org.
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