The Bluesky Pension Scheme (Bluesky) is a multiple employer Master Trust. Any employer can join this Trust Based 'Auto Enrolment' Qualifying Workplace pension scheme.
As a member of ECA, you and your employees can benefit from The Bluesky Pension Scheme (Bluesky). This scheme is a non-profit, Auto Enrolment qualifying workplace pension scheme.
The Bluesky Trustee Company was set up collectively by ECA and Unite - Electrical Trade Union in 1988 to provide an Industry Defined Contribution Pension Scheme and has since grown into a multiple employer master trust.
Today, trading under the name Evolve Pensions Ltd, the company has extended its delivery to provide a range of workplace pension services to any employer, trustee or consultant in the UK and is regarded as the preferred pension supplier to the electrical industry.
The administration for Bluesky is undertaken by Evolve who are dedicated to the administration and provision of Master Trusts. With effect from 31 March 2019 Master Trusts are required to be authorised by The Pensions Regulator (TPR). Bluesky was granted Master Trust Authorisation by TPR in April 2019.
How it works
- Bluesky allows any rate of contribution from employers and employees that meet the minimum contributions required by ‘auto-enrolment’.
- Bluesky provides a range of straight forward benefits in line with most UK defined contribution pension schemes.
- There is a discounted sign-up fee of £250 plus VAT
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.