LifeSight, WTW’s defined contribution (DC) master trust, celebrates its 10-year anniversary this month.
The trust, which was the first to be authorised by the Pensions Regulator now has £22bn AUM and 450,000 members. Its strong growth over this period has been driven by its success in winning new mandates, particularly in the single-trust market.
In 2025 it has already onboarded five new appointments, adding 20,000 new members with an estimated £800m in AUM.
LifeSight says its success has been based on three specific: strong independent governance, member engagement and long-term sustainable investment returns.
LifeSight says member engagement has been a key priority, with the trust offering a range of tools and resources for members to help them understand pension and savings options. This includes the LifeSight ageOmeter tool which helps members model when they can afford to retire; a mobile app that allows members to access their accounts from any device; and a personalised video for each member explaining their annual pension statement.
LifeSight has delivered strong returns for members within its default fund. It says this is been driven by innovation and diversification. It was the first master trust to introduce and ESG investment strategy in the default fund in 2018 and more recently it has invested in a private equity LTAF, to provide DC savers with access to diversified private market investment.
It says its investment strategy has been underpinning by WTW’s institutional investment expertise.
Jelena Croad, head of LifeSight UK adds: “Over the past decade, we have grown from a new entrant in the market to one of the UK’s leading pension providers, with nearly half a million members and over £22bn in assets under management. Our success is a testament to our commitment to strong governance, member engagement, and sustainable investment returns.”
LifeSight chair of trustees Simon Ellis says: “LifeSight is well positioned to continue innovating and engaging pension scheme members for the next decade and beyond.”
