Trustee Buy Out Plan

A hassle-free way for your clients to wind up a workplace pension scheme

What is our Trustee Buy Out Plan?

The Trustee Buy Out Plan (TBOP) acts as a ‘bulk section 32 buy out.’ It gives employers and trustees a hassle-free way to wind-up a scheme, as well as security and peace of mind.

With TBOP, your clients can remove their liability when winding up a workplace pension scheme. This helps to keep the process as simple as possible without the need for member consent. It also offers your clients peace of mind by complying fully with the winding up regulations of all the relevant legislation.

Benefits to you and your clients


Simple and compliant

Our solution removes obligations from trustees and doesn’t require member consent. This streamlines the buy-out process to save your clients’ time and reduce effort.


Our buy-out solution is cost-effective as it works as a standalone product. It can also be used alongside clients’ other workplace pension scheme products.

Earmarked benefits

Scheme members will have individual policies for their own benefit, meaning they have more control over when and how they take their benefits.

Potential Inheritance Tax (IHT) advantages

Each individual policy is written under trust. This means that the death benefit would not normally be liable to IHT.

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More trust based solutions

We have helped advisers deliver trust based solutions to UK businesses for years. We offer a flexible approach that gives your clients the freedom to offer schemes that match their members’ needs.

Our trust based pension

This option is suitable for companies setting up new DC schemes, moving schemes from another provider and more.

More about our trust based pension

Our master trust solution

This option combines the best features of our trust and contract based schemes. It provides governance and oversight by independent and experienced Trustees. It also allows access to in-scheme drawdown which include investment pathways.

More about our master trust solution

The value of investments can go down as well as up, and your clients could get back less than was paid in. Laws and tax rules may change in the future. A client's personal circumstances and where they live in the UK will also have an impact on tax treatment.

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