Goddard Perry Consulting (GPC) has introduced a master trust to help employers comply with auto-enrolment.
The Pensions Master Trust (TPMT) will be priced at an annual management charge of 0.5% with no other regular administrative fees or set-up costs. It offers a wide range of investment funds and allows members to transfer in and out.
It also includes a two-year vesting rule for employers, whereby refunds can be provided for short service.
HS Administrative Services has been appointed as administrators and Black Lapthorn Pensions Trustees has been appointed as corporate trustee of the scheme.
Steve Goddard, managing director at Goddard Perry, said: “TPMT is being launched at a competitive price with the added flexibility for transfers.
“It is a competitive alternative to a group personal pension (GPP). The refund option will be attractive to employers with high staff turnover.”
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