The Pensions Trust launches multi-employer TDFs to voluntary sector

The Pensions Trust has launched an auto-enrolment compliant multi-employer offering for the voluntary sector with a range of target default funds at 0.45 per cent.

Called SmarterPensions, the schemes use AllianceBernstein’s target date funds strategy as a default, and also offer ethical fund options including Ethical Target Date Funds, which The Pensions Trust says are the first of their kind offered in the UK. 

SmarterPensions comes with a free annuity service managed by JLT.

Stephen Nichols, chief executive of The Pensions Trust says: “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.

“As such we are very excited for our new DC concept, SmarterPensions, to go live today, as we feel it offers both new and existing members and employers a trust-based multi-employer DC scheme which provides stability, coupled with strong products at a competitive price.”


SmarterPensions scheme AMC (%)
CARE Scheme DC Structure (CARE DC) 0.45
Flexible Retirement Plan (FRP)  0.45
Ethical Fund (TEF) 0.60
Growth Plan Series 4 (GP4) 0.45
Social Housing Pension Scheme DC Structure (SHPS DC) 0.45