The Pensions Trust to launch multi-employer pension

The Pensions Trust will launch a defined contribution (DC) multi-employer pension scheme for the voluntary sector.

SmarterPensions, which will be rolled out in early 2013, will provide a platform for employers’ qualifying workplace pension schemes.

Stephen Nichols, chief executive at The Pensions Trust, said: “Over the last year, we have listened to what the voluntary sector would like to see from its auto-enrolment offering, as well as the retirement concerns of members, and have been developing our new DC concept in line with this.

“We are working with ideas, including target-date funds and online interactive access, so investment performance can be monitored live at any time.

“For the employer, we are developing a process that is easy to administer and offers value in these difficult times.”