Multi-employer defined contribution (DC) pension provider Super Trust UK Master Trust has appointed Pitmans Trustees to act as an independent trustee for the scheme, which has around 14 participating employers and assets of around £14 million.
Richard Butcher, managing director of Pitmans Trustees, said: “Given the increasing profile and popularity of DC schemes it is vital the right processes are in place to ensure good governance in these platforms. This is something the trustees of SuperTrust UK place a great deal of importance on, which sits very well with our focus on independent governance with excellence.”
Malcolm Delahaye, trustee of SuperTrust UK, added: “This appointment helps us ensure our offering is a robust and viable option for employers to meet the 2012 requirements, or simply to provide defined contribution benefits in a cost-effective manner.
“We selected Pitmans Trustees because we believe it has the best skills and expertise in the market to assist us and our clients. [It] was also able to demonstrate its own ability to innovate and its commitment to the wider cause of good governance is important to us.”
Read more articles on multi-employer DC schemes