The Bluesky Pension Scheme (Bluesky) is a multiple employer Master Trust. Any employer can join this Trust Based 'Auto Enrolment' Qualifying Workplace pension scheme.
Bluesky has a governed structure which is supported by Unite the union and the ECA which forms a trustee board. Bluesky is the chosen provider for the Electrical Contracting Industry and the JIB as well as being the preferred supplier to a number of other industries which cover a total of over a million employees.
The administration for Bluesky is undertaken by Evolve who are dedicated to the administration and provision of Master Trusts. With effect from October 2018 Master Trusts are required to apply for authorisation from the Pensions Regulator (tPR) in order to continue operating. The authorisation application for Bluesky was submitted in December 2018 and a decision from tPR is expected in the Spring of 2019.
Evolve takes on this responsibility with you having the knowledge members’ pensions savings are being managed at the highest level. Evolve is dedicated to providing value at a reasonable cost, is not driven by profit and prides itself on partnerships rather than
How it works
Bluesky allows any rate of contribution from employees and employers (subject to legislative Auto Enrolment minimums), meets all legislative requirements with regard to Auto-Enrolment, provides a range of straight forward benefits in line with most UK defined contribution pension schemes and has submitted an application for Master Trust authorisation.
There are no additional fees to be paid by the employer to be part of Bluesky. Any employer joining Bluesky will be supported every step of the way by the Business Delivery Team and beyond by the Administration Team.
Bluesky is run for the benefit of the members, not shareholders.
If you are already using another pension arrangement and decide that Bluesky is the right scheme for you, Evolve can talk you through the simple steps to move schemes. Even if your employees have previously used a pension arrangement, it may be possible to transfer this to Bluesky.
For more information on the scheme, please visit www.evolvepensions.co.uk/bluesky
To take advantage of this offer as an ECA member, please login and see below contact details.