Emerson Partners with LifeSight for Pension Solutions
LifeSight, WTW’s UK defined contribution (DC) master trust, has stepped into a significant role by becoming the full master trust provider for Emerson, the advanced electronics powerhouse. This partnership aims to cover all active, deferred, and drawdown members effectively, ensuring they are well-accommodated in their retirement journey.
Background of the Partnership
The relationship between Emerson and LifeSight began in 2020 when LifeSight was initially brought on board to provide Drawdown solutions. After a successful implementation phase, Emerson officially designated LifeSight as its complete master trust provider in 2024. Following this transition, LifeSight went live with the Emerson members on a notable date in February, and since then, all asset transfers have been completed efficiently by April.
Emphasis on Member Engagement and Technology
For Emerson, enhancing member engagement through technology was a top priority. LifeSight’s innovative communications and mobile app have been pivotal in increasing member interaction with their retirement savings. This focus on user-friendly technology aligns perfectly with Emerson’s goal of improving its workforce’s financial well-being.
Statements from Key Personnel
Phil Lamb, Pensions Manager at Emerson, expressed satisfaction with the partnership, stating, "After a thorough market review, we are pleased to appoint LifeSight as our DC master trust provider. Its investment strategy, member communication tools, and cutting-edge technology all proved to be the ideal fit for our members. The LifeSight app has been remarkably well-received, significantly elevating engagement levels during this critical transition period."
Jelena Croad, Head of LifeSight UK, also commented: "We have cultivated a strong relationship with the Emerson Pension Scheme. We are excited to take on full master trust responsibility now, especially after our successful five-year partnership as their Drawdown provider. Emerson's team clearly understands their members' needs, making our selection as their provider a strong endorsement of LifeSight's capabilities in managing retirement savings effectively.”
The Impact of the Partnership
With the addition of Emerson’s membership now, LifeSight’s member base has grown to an impressive 430,000, managing over £24 billion in assets. This expansion highlights LifeSight’s commitment to delivering robust retirement solutions that prioritize member needs and financial security.
About LifeSight
LifeSight stands out as WTW’s master trust, designed specifically for employers seeking high-quality and low-risk market-driven pension provisions without the burden of governance. The complexities and costs associated with running a defined contribution pension scheme can be daunting. LifeSight offers a solution that relieves employers of these challenges by effectively managing pension schemes, backed by an independent trustee board focusing on members' interests.
Innovative Technology in Pension Management
LifeSight provides a digitalized platform equipped with advanced tools, including the acclaimed ageOmeter, to help members optimize their retirement savings. This, alongside LifeSight's extensive experience in both investments and member communications, positions them as a comprehensive solution for employers and their staff.
About WTW
WTW (NASDAQ: WTW) specializes in delivering data-driven and insight-led solutions across people, risk, and capital segments. The organization's global reach, paired with local expertise, enables it to assist companies in fine-tuning their strategies, increasing resilience, and ultimately boosting performance.
Media Contact
For any inquiries, please reach out to Jamie Kilduff at +44 (0)20 7170 3746 or via email at jamie.kilduff@wtwco.com.
Frequently Asked Questions
What is the main purpose of the partnership between Emerson and LifeSight?
The partnership aims to provide all Emerson members with comprehensive retirement solutions and enhance engagement through innovative technology.
When did LifeSight begin managing Emerson's pension scheme?
LifeSight went live as the master trust provider for Emerson members in February 2025.
How does LifeSight support member engagement?
LifeSight employs advanced communication strategies and offers a mobile app to boost member engagement in their retirement savings.
What are the key benefits of using LifeSight for pension management?
LifeSight provides a high-quality, low-risk pension solution without governance burdens, harnessing cutting-edge technology for member interaction.
What is WTW's role in this partnership?
WTW is the parent company of LifeSight, providing overall strategic guidance and expertise in delivering comprehensive risk and capital solutions.
