LifeSight to become the first Master Trust in Ireland to invest in private equity – allocating an initial €150 million
Dublin, 23 December 2024 — LifeSight, WTW’s Master Trust and Single Trust solution for defined contribution (DC) pension schemes in Ireland, with approximately 60,000 members and €4 billion committed assets under management, will allocate an initial €150 million of its Equity and Higher Target Return Diversified funds to private equity. A first of its kind for the Irish Master Trust market.
With a core focus on members, this investment is expected to increase returns, net of fees, and enhance diversification, ultimately improving expected member outcomes at retirement.
The WTW Private Equity Access Fund (PEAF) will offer members significant opportunities investing in private companies, primarily through private equity co-investments, allowing members to invest in a range of exciting opportunities, with areas of focus including Climate, Healthcare, Education, Sustainable Manufacturing and Business Services.
Commenting on the new development, Chair of the LifeSight Investment Committee, Linda Travers, said “Based on WTW’s significant experience with regards to private equity, we believe that this opportunity offers investors a DC friendly solution and the ability to maximise long-term returns from private markets. We are delighted that our global scale has allowed us to bring this innovative solution to our LifeSight members in Ireland.
LifeSight Managing Director in Ireland, Maria Quinlan said; “This is a very significant first for the pensions market and broader investment landscape in Ireland. At LifeSight,members trust us to implement solutions to maximise outcomes at retirement and we believe that innovation is a cornerstone to this responsibility. Continued innovation and evolution is an important focus for us in the future as we serve the needs of members who place their trust in us”.
About LifeSight Ireland
LifeSight is WTW’s master trust and defined contribution single trust solution in Ireland. Master trust is a defined contribution multi-employer pension trust for employers looking to offer their employees a high-quality, lower-risk, market-competitive pension, without the governance burden.
Running a defined contribution pension scheme can be complex and costly for a lot of employers. LifeSight’s master trust looks after the day-to-day running of the pension scheme, whilst a professional trustee board looks after the interests of savers.
LifeSight offers access to a leading digitalised platform, including its innovative ageOmeter tool. Combined with our proven expertise in investments and communications, LifeSight is the complete package. LifeSight is also a well-established solution in the UK.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organisations sharpen their strategy, enhance organisational resilience, motivate their workforce and maximise performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at wtwco.com.
Media Contacts
Rachel Graham
MKC Communications
+353 86 1989099
rachel@mkc.ie
David Kinch
MKC Communications
+353 86 2322439
david@mkc.ie
