As a member of the LifeSight Master Trust, you’re building up a ‘Personal Account’ that you can use as income when you retire. But that’s not all!
 
Being a member also provides:

• the option to pay more towards your retirement savings by making Additional Voluntary Contributions (AVCs) whilst in employment 
• protection for your family in the event of your death 
• the flexibility to take your retirement savings in a number of ways when you reach retirement

With ‘defined contribution’ pension schemes, you decide where to invest your pension contributions from a range of carefully-chosen funds. You build up your savings in your Personal Account and the value of that account will largely depend on how much you’ve paid in and the performance of the funds you invested in.