Workers Pension Trust consolidated into Cushon Master Trust

Cushon says move ‘sets a precedent’ in delivering consolidation for the DC market

Holly Roach
clock • 2 min read
Cushon Master Trust chair Roger Mattingly
Image:

Cushon Master Trust chair Roger Mattingly

The Workers Pension Trust (WPT) has consolidated into the Cushon Master Trust, in a move that “sets a precedent” for delivering consolidation and scale in the defined contribution market.

The merger - approved by The Pensions Regulator in June 2023 - comes after Cushon acquired WPT in 2021 following a £26m funding raise to support "rapid expansion plans". The consolidation - an i...

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