Standard Life becomes master trust provider for Siemens

Understood to be largest move from own trust to master trust in the UK to date

Holly Roach
clock • 2 min read
Standard Life has transitioned £1.6bn of assets from the Siemens Investor Plan
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Standard Life has transitioned £1.6bn of assets from the Siemens Investor Plan

Standard Life has been appointed by Siemens as its master trust provider, involving the transition of over £1.6bn in assets from the Siemens Investor Plan.

The deal – which completed following a competitive request for proposal and tender process – involved 30,000 active and deferred members being moved over following a period of member consultation. ...

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