Ensign

The Ensign Retirement Plan is an industry-wide Master Trust pension arrangement with one straightforward goal; to improve the retirement outcomes for those working within the maritime industry. From our head office in Gatwick, our professional team look after the pension arrangements of over 90 maritime industry employers. Our legacy and experience of supporting the pension arrangements of maritime industry employers goes back almost 80 years and includes the award-winning Merchant Navy Officers Pension Fund (MNOPF). The key benefits of the Ensign Retirement Plan (the Plan) are: · Maritime focused. We understand the challenges that our employers face and have extensive experience supporting the boards of existing maritime pensions arrangements including the Merchant Navy Officers Pension Fund. · Low cost. Significant economies of scale are achieved through being a multi-employer scheme, allowing us to provide one of the lowest annual management charges in the industry, at 0.36% for the default fund. · Auto-enrolment ready. The Plan is fully compliant with the requirements of the auto-enrolment scheme. · Open to all. No employer is too large or too small and all employees can join. · A long track record. The Plan draws on nearly 80 years of working with seafarers and the companies that employ and supply them and our administrator BlackRock has been delivering award winning pensions since 1996. · Quality at its core. The Plan is PQM Ready and has just received its Master Trust Assurance. This demonstrates that it has been independently assessed as having good governance, low charges and clear member communications. · Flexibility. The Plan is flexible for both employer and member, providing choice in investment, contributions, allows consolidation of other pensions schemes and offers full flexibility in how members take their benefits at retirement. To find out more please contact us on: +44 (0)1293 804580 [email protected]