Goddard Perry has changed a range of charging structures for its master trust pension scheme.
Its scheme, The Pension Master Trust, now offers a choice of charges, which include a one-time charge of 0.5% and an annual management charge (AMC) of 0.3% with a monthly charge of £1.
Steve Goddard, managing director at Goddard Perry, said: “We have listened to a number of consultants and employers with large auto-enrolment issues and it is clear that one size does not fit all for auto-enrolment.
“Master trusts are rapidly gaining appeal to many larger employers due to the layer of governance they offer versus group personal pension plans or group stakeholder plans.”
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