BlueSky Pension Scheme launches all-employer scheme

BlueSky Pension Scheme has introduced an all-employer scheme ahead of auto-enrolment, which commences from October 2012.

The scheme will be open to employers from all sectors from 1 January 2012, and is intended to be an alternative to the national employment savings trust (Nest).

BlueSky has developed its offering to incorporate target date funds in conjunction with AllianceBernstein to use its Dynamic Asset Allocation glidepath approach to investments.

BlueSky, which offers schemes to the electrical contracting industry and currently provides pension benefits to more than 15,000 members, replaced the old Joint Industry Board (JIB) Pension Scheme brand on 1 October 2011.

Paul Bannister, chief executive of BlueSky, said: “The electrical industry will still remain at the core of BlueSky’s efforts; our decision to expand will benefit those already with funds held within the scheme by increasing the economies of scale.”

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