Personal Pension  

More trust in master trust schemes: Amber

More trust in master trust schemes: Amber

An advised client has signed up to become the 100th small employer covered by the Amber Pension Trust, Anthony Morrow has said.

The partner for Paradigm Group, which launched the Amber master trust less than 12 months ago, said the Trust now covered more than 5,000 employees.

According to Mr Morrow, the latest client - an estate agent called Miles and Barr - was recommended to the master trust by a specialist Kent-based financial adviser, Tudor Financial Options.

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The trust has a total charge of 75bps and is not selective of employers by size or contribution. For those employers who require it, the APT also offers an AE compliance system.

The master trust has been designed as a one-stop shop for employers’ auto-enrolment needs, and gives members access to BlackRock’s target-date funds, providing cost-effective exposure to tailored investment solutions.

Mr Morrow said: “Paradigm has devoted time and investment developing the Auto Enrolment system for our members. Clearly the next couple of years will be a challenge for both employers and their advisers, but we hope that the Amber Pension Trust can go some way to providing the capacity and quality of product for which there is obvious demand.”

Adviser view

John Rourke, director of Kent-based Tudor Financial Options, said: “The scheme has a reputation for providing an excellent service to its customers, enabling employers to help their staff prepare and plan for retirement.”