With over 185,000 jobs in the UK maritime industry, a dedicated industry pension plan is not only a necessity; it just makes good sense.
We know from our research that a good pension scheme forms a vital part of the employee benefits mix for today’s maritime professionals. Maritime employers risk losing out on the best talent if their chosen scheme is not up to scratch, but amid a saturated UK pension market and the fog of red tape in running your own scheme, resolving this issue can seem far from straightforward.
Help is on the horizon.
Designed specifically for employees in the maritime industry, Ensign is a high-quality, low-cost pension plan which employers and employees pay into as a way of saving for retirement.
There is choice and flexibility with contributions, where the money is invested, and how and when members take their benefits.
The Ensign pension plan is a modern defined contribution (DC), or ‘money purchase’, plan which takes advantage of the pension flexibilities and freedoms introduced by the government in 2015.