Friends Life has launched a ‘master trust' to help employers offer a pension scheme which has the governance of an independent trust-based arrangement.
The master trust aims to help deliver better outcomes for members in retirement, Friends Life said, as an increasing number of people will be investing in a pension for the first time as a result of automatic enrolment. Friends Life has selected Pitmans Trustees Limited (PTL) as sole trustees for the newly-launched master trust. PTL have appointed KPMG as the investment advisers and Squire Sanders as the legal advisers. Friends Life will provide the administration and investment platforms. Core and enhanced versions of the master trust are available. The core master trust will benefit...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
