Bluesky and Crystal Trust to become one scheme
03 October 2019
The Trustee of the Bluesky Pension Scheme has advised participating employers that in January 2020 Bluesky and its sister pension scheme, The Crystal Trust, will become one pension scheme known as Crystal.
Crystal, like Bluesky, is an authorised master trust and has met the high standards expected by the Pensions Regulator. The schemes will be brought together to create a single larger scheme with a more streamlined structure and the ability to provide improved member tools and generate long term cost efficiencies.
Both sets of Trustees are working behind the scenes to make this process as smooth and seamless as possible. In reality, employers and employees are not expected to notice any difference in the day to day operation.
Over the next few months, participating employers and employees will receive further announcements providing updates and highlighting the improvements that will be available through the combined pension scheme.