Discretionary asset manager Tam Asset Management has launched an investment solution designed specifically to meet the demands of auto-enrolment.
Centum offers a range of risk-profiled portfolios and is designed specifically for regular contributions in workplace pensions schemes.
The tool, used for Tam’s own staff pension scheme, offers four distinct risk profiles, with members free to move between them as they please. Centum will charge an ongoing annual management charge of 0.6 per cent.
Tam also plans to launch a version of Centum for the offshore market.
Lester Petch, chief executive of Tam, said: “[Centum] allows for broadly diversified investments and uniquely, we offer comprehensive online reporting via out platform to all members - the employer, scheme administrator and the individual employee, who can track the value and the performance of their own portfolios 24 hours a day.”