We created our pension plan with the sole aim of providing the best possible future for the UK’s vital maritime professionals, of which there are more than 185,000 in a vast array of jobs, from sea to shore.
Pensions are one of the most important benefits to employees, so we want you to be safe in the knowledge that your future is being looked after, whether you’re an employer seeking a secure, high-quality, low-cost pension scheme for your top talent, and or employee wanting to ensure your pension savings are in the right place.
Ensign is a defined contribution scheme which received its Master Trust Authorisation from The Pensions Regulator in September 2019. This means your pension fund is determined by how much employees and employers contribute each month, as well as the money made through the expertise of our investment partners. To ensure members are saving towards a decent retirement outcome, Ensign looks for a minimum combined employer/employee contribution of 10% of member earnings.
Employees can view and make changes to their plans online, 24 hours a day, through TargetPlan. Employers have 24/7 access to the Employer Information Exchange to securely access relevant documents and keep updated on developments with Ensign.
Ensign aims to be the go-to pension plan for the entire maritime industry. Already trusted by 60+ employers, we provide high-quality, low-cost pension savings to thousands of employees.