SME auto-enrolment master trust Trust Pensions is offering members an Isa service and employers a group life proposition.
The master trust is tying up with Axa Self Investor for the Isa service, which will be made available from the Trust Pensions website or from the scheme portal.
Investors will be offered a range of ready-made funds managed to different levels of risk, Axa Self Investor’s selected top 100 funds or over 1,250 other funds covering major sectors and asset classes. The service useful tools, videos, and a dedicated call centre.
The group life option is provided by Canada Life’s Simply Class service and has been designed for advisers servicing small businesses with 2 to 50 employees. It requires no details on employee medical forms, employee locations or job descriptions and can be set up online in under 5 minutes. It also offers a bereavement counselling and probate helpline for all employees.
Trust Pensions has also indicated that it intends to obtain Master Trust Framework compliance.
Trust Pensions head of business development Griselda Williams says: “While auto enrolment is at their core, we see master trusts evolving into broader benefits platforms in the medium term.”
“For non-advised SMEs this means we shall put together a panel of best in class services for small businesses.”
“In the advised market, we are creating an open-architecture environment for corporate advisers to plug and play their preferred benefits providers in conjunction with our AE proposition.”
Canada Life marketing director Paul Avis says: “We believe that we have a tremendous opportunity to engage with over one million business owners on how best to support their employees. Our aim is to make life really easy, both for advisers to sell and employers to buy group life assurance alongside the auto-enrolment pension.”