Does your workplace pension do all this as standard?

Workplace pensions have changed significantly in recent years and no two schemes are ever the same. However, our modern, multi-employer master trust arrangement means Creative Pension Trust is built to answer today’s demands and is managed and governed by dedicated experts to ensure we are always ready for tomorrow.

Our Creative Workplace Pension plan provides a significant range of inclusive features, benefits and consultancy support, giving you a fully functional workplace pension at a fraction of the cost and complexity of a traditional scheme.

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Your guide to the information on this page

Applies to Creative Workplace Pension
Applies to Creative Auto Enrolment Pension

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How we stack up

Pricing
Creative Pension Trust Consultancy and support services described in this guide are provided by Creative, sponsor of Creative Pension Trust.
Traditional Pension Scheme (typical) Features vary by provider, contract and by individual scheme design. Our experts can provide a more accurate comparison of your current arrangements and summary of projected savings
Guaranteed Acceptance
Yes
No
Guaranteed TermsTo enable participation for some schemes, we may charge a fixed monthly membership fee of £2.00, payable by each active member, which reduces for deferred members, and/or an employer fee. This is to cover the costs of managing and administering the scheme.
0.30%
Priced by workforce
Cost Efficiencies
Creative Pension Trust
Traditional Pension Scheme (typical)
Salary Exchange (Salary Sacrifice) as standard
Yes
Additional charge
Employer Support
Creative Pension Trust
Traditional Pension Scheme (typical)
Inclusive pension consultancy
Yes
Additional charge
Named, dedicated consultant
Yes
Varies
Inclusive technical support on demand
Yes
Varies
Inclusive Helpdesk: Tel/Email
Yes
Varies
Auto Enrolment Support
Creative Pension Trust
Traditional Pension Scheme (typical)
Inclusive, end-to-end, purpose-built Auto Enrolment Solution automating: Auto enrolment assessment / Record keeping / Declaration of Compliance / Re-enrolment obligations / Contribution Arrears and Underpayments checking
Yes
No
Creative Auto Enrolment Compliance GuaranteeWe’ll make it simple: first, run your payroll, then upload your payroll data, and we’ll do the rest. Follow our quick and straightforward process and you cannot get auto enrolment wrong. The Creative Auto Enrolment Guarantee protects over 16,000 unique payrolls from the risk of a regulator fine.
Yes
No
Creative Pay Day GuaranteeWe make running payroll just like it used to be. Our unique process runs after you close your payroll, so there are no auto enrolment hoops to jump through or hold things up, meaning you can never miss a payroll deadline due to auto enrolment.
Yes
No
Member Support
Creative Pension Trust
Traditional Pension Scheme (typical)
Inclusive employee financial education and engagement (Workplace / Online)
Yes
Additional charge
Inclusive investment guidance for each member
Yes
Additional charge
Inclusive pension tracing and consolidation service
Yes
No
Scheme Governance
Creative Pension Trust
Traditional Pension Scheme (typical)
Independent Professional Board of Trustees
Yes
No
Pension Scheme Features (Highlights)
Creative Pension Trust
Traditional Pension Scheme (typical)
Default Investment Strategies
Yes
Varies
Member-friendly investment fund choices
Yes
Varies
Fund of funds investment approach available at very low cost
Yes
Varies
Pension Freedom and Choice support built-in
Yes: Lump Sum, Annuity, Flexi Access Drawdown, UFPLS
Limited

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Made me realise how important it is to get things arranged.

Employee and Pension Scheme Member

I realised the necessity of sorting my pension out and decoding how I am going to do this.

Employee and Pension Scheme Member

Really informative.

Employee and Pension Scheme Member

It made me feel more aware of what I am doing rather than just relying on someone doing it for me.

Employee and Pension Scheme Member

Presentation was very thorough and outlined all the options available.

Employee and Pension Scheme Member

I didn't really fully understand pensions and how they worked prior to this and now I feel assured and confident to make a decision to save for my future.

Employee and Pension Scheme Member

Extremely useful presentation. The Creative representative explained the scheme in terms understandable by everyone.

Employee and Pension Scheme Member

It has helped me to feel in control of my pension.

Employee and Pension Scheme Member

It helped explain our options very simply so much easier to understand rather than the usual jargon.

Employee and Pension Scheme Member