Fujitsu has moved its defined contribution (DC) members in the UK to Willis Towers Watson’s LifeSight master trust.

Around 17,000 members and assets under management of £730m have transferred to the scheme. LifeSight has taken on full responsibility for the management of Fujitsu members’ pension provision. Members can benefit from a range of investment strategies and full access to post-pension freedom decumulation.

LIfeSight said that day it was launched for Fujitsu, over 30 per cent of Fujitsu members logged into their LifeSight account to review their pension. This is significantly above the level of engagement previously achieved with these members and has continued to grow with over 40 per cent of members now actively managing their pension online.

With this addition, alongside other recent wins being implemented, LifeSight’s total membership and AUM will be 185,000 and £7.5bn respectively.

Commenting, Fujitsui UK and Ireland, head of pensions and benefits, Paula Evans, said: “Moving our members into LifeSight has enabled Fujitsu to re-launch pensions with LifeSight using its highly innovative and engaging tools, communications and online member accounts.

“LifeSight’s focus on the effective use of technology to engage members at a personal level to help them through all of their pensions journey both before and after retirement really resonated with us.”

LifeSight Trustee Board chair, Jane Platt, said: “We’ve worked closely with Fujitsu over a period of months to create the best member experience possible, and it’s rewarding to see that our initial communications, both online and in person, have been engaged with so widely. We will continue to work with Fujitsu as a partner along the saving and retirement journeys of their members.”

Share Story: