Ensign Pensions

Ensign was a defined contribution pension scheme that was dedicated to providing high-quality retirement savings for its members. The scheme was wound up on 26 September 2023, and all members and their benefits were transferred to Smart Pension on 7 June 2023. If you believe you or a family member had defined contribution savings in Ensign before 7 June 2023, please contact Aegon.

Ensign was committed to delivering better outcomes for its members at retirement. The scheme achieved this by maintaining high standards of governance and administration, as well as implementing robust investment practices. Ensign's trustees were responsible for producing an annual report on the scheme's activities and financial performance, as well as a Chair's Governance Statement. These statements helped demonstrate and explain how Ensign met standards of governance and administration that delivered better outcomes for members at retirement.

Ensign was proud to have obtained Master Trust Assurance. This recognition meant that Ensign had been subjected to an independent review of its practices against prescribed control objectives and had demonstrated high-quality governance and administration.

Services Offered

Ensign provided a range of services designed to help members save for retirement. These included:

• Investment Management: Ensign's trustees followed a written Statement of Investment Principles (SIP) when making decisions about investments. The SIP was reviewed every three years or after any significant change in investment policy.
• Annual Reporting: Ensign produced an Annual Report and Financial Statements, which contained detailed information about the scheme's activities and financial performance throughout the previous year.
• Governance: Ensign's trustees were required to produce a statement each year to demonstrate and explain how they met standards of governance and administration that helped deliver better outcomes for members at retirement.
• Master Trust Assurance: Ensign had obtained Master Trust Assurance, which meant that the scheme had been subjected to an independent review of its practices against prescribed control objectives and had demonstrated high-quality governance and administration.

Ensign's goal was to deliver better outcomes for its members at retirement by maintaining high standards of governance and administration, as well as implementing robust investment practices. The scheme was pleased to have obtained Master Trust Assurance and committed to producing annual reports that contained detailed information about the scheme's activities and financial performance.