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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Series of bulk annuity deals, Canada Life full-year results, and Procentia’s DB actuarial valuation system

Professional Pensions
clock 20 February 2026 • 1 min read
News Digest: Steve Webb: Pension admin is too often done poorly or 'on the cheap' and it's savers who lose out

News Digest: Steve Webb: Pension admin is too often done poorly or 'on the cheap' and it's savers who lose out

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 20 February 2026 • 1 min read
Jayne Pocock: From chance beginnings to industry leadership

Jayne Pocock: From chance beginnings to industry leadership

Pocock talks about starting over in the UK, modernising the ‘engine room’ of the industry, and why members must always come first.

Jasmine Urquhart
clock 19 February 2026 • 4 min read
Trustpilot