Case Study: Samworth Brothers improves DC pension governance with Hymans Robertson

Samworth Brothers moves DC pension arrangement in a short interview with Hymans Robertson

Samworth Brothers faced the challenge of reducing the governance burden of their own trust defined contribution (DC) pension scheme while seeking to enhance the retirement options for their employees. To address this, they partnered with the consulting firm Hymans Robertson to explore moving their pension arrangement.

The solution implemented by Hymans Robertson was to move Samworth Brothers' pension scheme into a DC master trust. The key attractions of this move were a reduction in governance responsibilities and the provision of better retirement options for the workforce. The implementation was deemed a success, with the vendor noting positive reactions from employees regarding the change.

Samworth Brothers