The Xafinity Pension Trust has appointed Bridge Trustees as its professional trustee.
Under the new arrangement Bridge Trustees will independently address all governance aspects on the behalf of participating employers.
The appointment follows the publication of The Pensions Regulator’s (TPR) response to enabling good member outcomes from defined contribution (DC) arrangements in work-based pensions, where TPR notes that mastertrust schemes have the potential to be a force for good.
Ken Anderson, head of DC solutions at Xafinity, said: “DC pension provision is not just about contributions, it is about providing members with appropriate levels of support to deal with complex investment, funding and retirement decisions.
“Employees value DC pension benefits more when their employer supports them with their pension decisions, and employers are increasingly recognising this.”
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