Punter Southall Aspire's Punter Southall Aspire's master trust – the Aspire Savings Trust - has been authorised by The Pensions Regulator (TPR).
The Aspire Savings Trust joins the line-up of authorised master trusts and marks a major milestone for the company. It is a new scheme, with an innovative and different focus.
The Aspire Savings Trust offers a simple, flexible, innovative and cost-effective way to manage defined contribution savings, based on the highest standards of governance, the Group’s best ideas investment solutions and market-leading member engagement.
This technology-led master trust has been designed to support employers and individuals alike. It comes with a range of financial advice services up to and through retirement, including pot consolidation and full pension freedom options. It also has unique investment solutions, a smart new technology platform called ‘AspireConnect’, and a dynamic member portal, ‘MyAspire.com’. MyAspire offers solutions for pensions communications and engagement, financial education, pension and investment dashboards, as well as digital tools to view, plan and manage pensions, savings and finances online.
Steve Carrodus, Chair of the Aspire Savings Trust says, “TPR’s authorisation process is raising master trust standards in the workplace pensions industry, providing greater protection and assurance for savers. We are delighted to have received authorisation and look forward to welcoming new members.”
Steve Butler, CEO, Punter Southall Aspire says, “The authorisation process has been rigorous. It involved a complete examination of our scheme’s capabilities, including our systems, processes and technology, our governance and financial sustainability. We are delighted to have met the standards, which was an important last step for us being ready to welcome new members.”
“The authorisation of our master trust is a major milestone in our business development, which we have been working towards since we established the company. The Aspire Savings Trust offers the highest standards of governance, cutting-edge technology and what we call ‘Next Generations Savings’. Our members can also manage all their pensions and savings online and through our acquisition of three financial planning firms in the past year, can access a range of affordable financial planning services to help them plan well for retirement and beyond.”
For more information about the Aspire Savings Trust, contact Punter Southall Aspire.